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SPX Corporation Announces Odd-Lot Tender Offer Program

26 May 1999

SPX Corporation Announces Odd-Lot Tender Offer Program

    MUSKEGON, Mich., May 25 -- SPX Corporation today
announced a program that will provide shareholders who hold less than 100
shares of common stock with a convenient and cost-free opportunity to sell all
of their SPX shares.  The company will save the annual costs associated with
maintaining the accounts of odd-lot shareholders.
    The program is voluntary and expires on June 24, 1999, unless extended by
SPX.  The price per share to be paid to shareholders will be based on the
average closing price of SPX Corporation stock on the New York Stock Exchange
for all trading days during the program.  Program materials were mailed to
eligible shareholders.  Questions regarding this program should be directed to
Shareholder Communications Corporation at 800-733-1665.
    Many shareholders who own odd-lot shares continue to hold them because of
the cost of brokerage commissions or the inconvenience of selling in small
amounts.  Many SPX shareholders that own less than 100 shares received the
shares as a result of the merger with General Signal Corporation in October
1998.  This odd-lot tender offer allows these shareholders an opportunity to
conveniently sell their shares at no cost.
    SPX Corporation is a global provider of industrial products and services,
technical products and systems, service solutions and vehicle components.  The
Internet address for SPX Corporation's home page is http://www.spx.com.