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SEC: SPX Registration Statement for Echlin Exchange Offer Effective

29 April 1998

SPX's Registration Statement for Echlin Exchange Offer Declared Effective by the SEC

            SPX to Begin Mailing Exchange Offer Materials Tomorrow

    MUSKEGON, Mich., April 29 -- SPX Corporation
today announced that the registration statement for its previously announced
exchange offer to the shareholders of Echlin Inc. has been
declared effective by the Securities and Exchange Commission.  Accordingly,
SPX intends to mail its exchange offer materials to Echlin shareholders
tomorrow, Thursday, April 30, 1998.
    Under the terms of the SPX exchange offer, Echlin shareholders would
receive $12.00 in cash plus 0.4796 SPX share for each share of Echlin stock
tendered.  The expiration date of the exchange offer will be 12:00 midnight,
New York City time, on Thursday, May 28, 1998 and may be extended from time to
time by SPX until the various conditions of the exchange offer have been
satisfied or waived.
    "We are pleased that we have cleared the SEC and are now able to take
our exchange offer directly to Echlin shareholders," said John B. Blystone,
Chairman, President and CEO of SPX.  "Under our offer, Echlin shareholders
will receive a substantial cash premium to the pre-offer trading price, will
own approximately 70% of a stronger company and will share in the future
success of the combined entity under SPX's proven leadership team."
    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.  SPX's Internet address is http://www.spx.com.
    This news release is neither an offer to exchange nor a solicitation of an
offer to exchange the common stock of Echlin for common stock of SPX.  The
offer will be made solely by means of SPX's Prospectus and the related Letter
of Transmittal.  This news release shall not constitute an offer to sell or
the solicitation of an offer to buy nor shall there be any sale of these
securities in any state in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of
any such state.

SOURCE  SPX Corporation