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SPX Sets Annual Meeting for May 20, 1998

26 March 1998

SPX Sets Annual Meeting for May 20, 1998: Will Vote On Issuance of Shares in Connection With Echlin Offer

    MUSKEGON, Mich., March 26 -- SPX Corporation
today announced it will hold its Annual Meeting of Shareholders on May 20,
1998, at 9 a.m. EST at its corporate headquarters, in Muskegon, Michigan.
    The company's Board of Directors has established April 10, 1998, as the
record date for voting shares at that meeting.  In addition to electing three
directors, the company will ask its shareholders to approve the issuance of
additional SPX shares, which are being offered as part of the consideration in
connection with SPX's pending offer to acquire Echlin Inc.
On February 17, 1998, SPX announced an offer to acquire Echlin Inc. for
cash and SPX shares valued at $48 per Echlin share based on SPX's closing
price on Friday, February 13, 1998.  The SPX offer consists of $12.00 in cash
and 0.4796 SPX share for each Echlin share.  SPX has filed a registration
statement with the Securities and Exchange Commission and is awaiting
clearance.
    SPX Corporation is a global provider of Vehicle Service Solutions to
franchised dealers and independent service locations, Service Support to
Vehicle Manufacturers, and Vehicle Components to the worldwide motor vehicle
industry.  The Internet address for SPX's home page is http://www.spx.com.

SOURCE  SPX Corporation