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Aeroquip-Vickers, Inc. Schedules Special Shareholders Meeting

24 February 1999

Aeroquip-Vickers, Inc. Schedules Special Shareholders Meeting to Vote on Merger With Eaton Corporation

    MAUMEE, Ohio--Feb. 24, 1999--Aeroquip-Vickers, Inc. announced today that it will convene a special meeting of shareholders on Thursday, April 8, 1999, to vote on Eaton Corporation's proposed acquisition of all of the outstanding common shares of Aeroquip-Vickers for $58 per share.
    The proposed acquisition will be accomplished through a merger of Aeroquip-Vickers and an acquisition company formed by Eaton. The transaction was announced in a joint press release on February 1, 1999. Shareholders at the close of business on the record date of March 5, 1999, will be eligible to vote at the special meeting.
    The meeting will be held at 10:00 a.m., Eastern time, at Aeroquip-Vickers' World Headquarters in Maumee, Ohio.
    Aeroquip-Vickers, Inc. is two companies, Aeroquip Corporation and Vickers, Incorporated, world leaders in the design, manufacture and distribution of engineered components and systems to industrial, aerospace and automotive markets.