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SCHEDULE 14A
(Rule 14a-101)
INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934
Filed by the Registrant [ ]
Filed by a Party other than the Registrant [X]
Check the appropriate box:
[ ] Preliminary Proxy Statement [ ] Confidential, for Use of the
[ ] Definitive Proxy Statement Commission Only (as Permitted
[ X ] Definitive Additional Materials by Rule 14a-6(e)(2))
[ ] Soliciting Material Pursuant to
240.14a-11(c) or 240.14a-12
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Echlin Inc.
(Name of Registrant as Specified In Its Charter)
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SPX Corporation
(Name of Person(s) Filing Proxy Statement, if other than Registrant)
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Payment of Filing Fee (Check the appropriate box):
[X] No fee required
[ ] Fee computed on table below per Exchange Act Rules 14a-6(i) and 0-11:
1) Title of each class of securities to which transaction applies:
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2) Aggregate number of securities to which transaction applies:
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3) Per unit price or other underlying transaction computed
pursuant to Exchange Act Rule 0-11:
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4) Proposed maximum aggregate value of transaction:
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5) Total fee paid:
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[ ] Fee paid previously with preliminary materials.
[ ] Check box if any part of the fee is offset as provided by
Exchange Act Rule 0-11(a)(2) and identify the filing for which
the offsetting was paid previously. Identify the previous filing
by registration statement number, or the Form of Schedule and
the date of its filing:
1) Amount Previously Paid:
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2) Form, Schedule or Registration Statement No.:
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3) Filing Party:
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4) Date Filed:
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CONTACT:
Charles A. Bowman
(616) 724-5194
SPX SETS ANNUAL MEETING FOR MAY 20, 1998: WILL VOTE ON
ISSUANCE OF SHARES IN CONNECTION WITH ECHLIN OFFER
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MUSKEGON, MI-MARCH 26, 1998 - SPX Corporation (NYSE: SPW) today
announced it will hold its Annual Meeting of Shareholders on May 20, 1998,
at 9:00 a.m. EST at its corporate headquarters, in Muskegon, Michigan.
The company's Board of Directors has established April 10, 1998, as
the record date for voting shares at that meeting. In addition to electing
three directors, the company will ask its shareholders to approve the
issuance of additional SPX shares, which are being offered as part of the
consideration in connection with SPX's pending offer to acquire Echlin Inc.
On February 17, 1998, SPX announced an offer to acquire Echlin Inc.
for cash and SPX shares valued at $48 per Echlin share based on SPX's
closing price on Friday, February 13, 1998. The SPX offer consists of
$12.00 in cash and 0.4796 SPX share for each Echlin share. SPX has filed a
registration statement with the Securities and Exchange Commission and is
awaiting clearance.
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's home page is http://
www.spx.com.
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