SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                    FORM 8-K



                                 CURRENT REPORT
           PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE
                                   ACT OF 1934




                         Date of Report: April 25, 1997




                                 SPX CORPORATION
               (Exact name of registrant as specified in charter)



       Delaware                     1-6948                     38-1016240
(State of Incorporation)    (Commission File Number)    (I.R.S. Employer Number)
 

     700 Terrace Point Drive, Muskegon, Michigan  49443-3301
      (Address of principal executive offices)    (Zip Code)


     Registrant's telephone number, including area code:
     (616) 724-5000

ITEM 5. OTHER EVENTS

      On March 11,  1997,  the company  commenced  a cash  tender  offer for all
$128,415,000  principal amount of its outstanding 11_% Senior Subordinated Notes
Due 2002 (the  "Notes") at a purchase  price  determined by reference to a fixed
spread  of 35 basis  points  over the yield to  maturity  of the  United  States
Treasury 5 3/8% Notes due May 31, 1998 at 3:00 P.M. New York City time, on March
25,  1997,  of which an  amount  equal to 1% of  principal  amount  of each Note
purchased  constituted a consent  payment that was paid for Notes tendered on or
prior to March 25, 1997, and the remainder  constituted  the purchase price that
was paid for all Notes  tendered  on or prior to April 9,  1997 (the  Expiration
Date),  plus accrued but unpaid  interest to (but excluding) the date of payment
of such purchase price.

      The tender  offer  expired at 5:00 P.M.,  New York City time,  on April 9,
1997. Of the $126,734,000  Notes that were tendered,  $126,372,000 were tendered
by March 25, 1997 and the balance, $362,000, were tendered by April 9, 1997. The
company  paid for these Notes on April 14,  1997.  The  retirement  of the Notes
resulted in an  extraordinary  pretax charge of $16.4 million,  or $10.3 million
after-tax, which was recorded by the company in the first quarter of 1997.

ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS

(c)  Exhibits

     99   Press Release, dated March 11, 1997, issued by the company.




                                   SIGNATURES


      Pursuant to the  requirement of the  Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                 SPX CORPORATION
                                  (registrant)



Dated:  April 25, 1997   By: /s/ Patrick J. O'Leary
                                 Patrick J. O'Leary
                                 Vice President Finance, Treasurer
                                 and Chief Financial and Accounting Officer








Exhibit 99

FOR IMMEDIATE RELEASE

                        Contact: John Tyson
                                 616-724-5406

     SPX CORPORATION COMMENCES CASH TENDER OFFER FOR
      OUTSTANDING 11 3/4 SENIOR SUBORDINATED NOTES

      Muskegon,  MI -  March  11,  1996  --  SPX  Corporation  (NYSE:SPW)  today
announced  that it has  commenced a tender offer to purchase for cash all of its
outstanding  11  3/4%  Senior   Subordinated   Notes  due  2002,   approximately
$128,415,000 in principal amount. Under the terms of the offer, the company will
purchase the  outstanding  Notes at a price  determined  by reference to a fixed
spread of 35 basis points over the yield to maturity of United States Treasury 5
3/8% Notes due May 31,  1998 at 3:00 p.m.  New York City time on March 25,  1997
(of which an amount equal to 1% of the principal  amount of each Note  purchased
shall constitute a consent payment for the consents  referred to below that will
only be paid for Notes  tendered  on or prior to March 25, 1997 unless that date
is extended), plus accrued and unpaid interest up to (but excluding) the date of
payment of such purchase price.

      In  connection  with the tender  offer,  SPX is also  seeking  consents to
certain proposed  amendments to the Indenture under which the Notes were issued.
The purpose of the  proposed  amendments  is to  eliminate  certain  restrictive
covenants and other provisions contained in the Indenture, thereby affording the
company additional financial and operational flexibility.

      The tender offer will expire at 5:00 p.m., New York City time, on April 9,
1997,  unless it is extended or terminated  earlier.  Payment for tendered Notes
will be made in immediately  available funds on the third business day following
expiration of the tender offer.  SPX will use currently  available cash and cash
equivalents to purchase the Notes.

     Goldman,  Sachs & Co. will act as Dealer  Managers for the tender offer and
consent  solicitation.  The  information  Agent is  Kissel-Blake  Inc.,  and the
Depository is The Bank of New York.

      Persons with questions regarding the tender offer and consent solicitation
should contact the Dealer Managers at (800-828-3182) or the Information Agent at
(800-554-7733).

      SPX  Corporation  is a global  provider of Vehicle  Service  Solutions  to
franchised dealers and independent service locations, Service Support to Vehicle
Manufacturers, and original equipment components to the
worldwide motor vehicle industry.