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SPX Issues Statement on Dana Offer for Echlin

4 May 1998

SPX Issues Statement on Dana Offer for Echlin

    MUSKEGON, Mich., May 4 -- SPX Corporation today
issued the following statement regarding the Dana Corp. offer for
Echlin Inc. :

    "We are evaluating the situation and looking at all of our options.  We
will do what we conclude is in the best interest of SPX shareholders."
    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