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SPX and General Signal Shareholders Approve Merger

5 October 1998

SPX and General Signal Shareholders Approve Merger

    MUSKEGON, Mich., Oct. 5 -- SPX Corporation and
General Signal Corporation today announced that both SPX and
General Signal shareholders have approved the merger of the two companies.
SPX and General Signal expect to complete the transaction tomorrow, October 6,
1998.
    On July 20, 1998, SPX announced that the Boards of Directors of both SPX
and General Signal had approved a definitive merger agreement.
    General Signal Corporation is a leading manufacturer of quality products
for the process control, electrical control and industrial technology
industries worldwide.  General Signal's Internet address is
http://www.generalsignal.com.
    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 Corporation's home page is
http://www.spx.com.