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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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SPX Corporation
(Name of Registrant as Specified In Its Charter)
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(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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APRIL 30, 1998
To All SPX Associates:
If you are an SPX shareholder, through the KSOP, the employee Stock
Purchase Plan, or as an individual investor, I want to remind you that you
will be receiving a Proxy mailing for SPX's Annual Meeting of Shareholders.
You should review this information carefully and CAST YOUR VOTES AS SOON AS
POSSIBLE:
YOU WILL RECEIVE AN IMPORTANT PROXY MAILING.
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. The PACKET CONTAINS A PROXY CARD AND A RETURN ENVELOPE for you to
submit your vote on several items of importance to the company.
Also included in the packet are an SPX 1997 Annual Report, and a
Proxy Statement that explains in detail each of the proposals to
be voted upon by shareholders.
SHAREHOLDERS ARE ASKED TO CONSIDER SEVERAL IMPORTANT PROPOSALS.
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. They Include:
1. Election of three directors,
2. Issuance of SPX shares in connection with our proposed
acquisition of Echlin, and
3. Increase the amount of authorized SPX shares.
I URGE YOU TO VOTE IN FAVOR OF ALL PROPOSALS.
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. The Board of Directors and the SPX leadership team UNANIMOUSLY
SUPPORT EACH OF THE PROPOSALS.
. Your vote FOR the issuance of shares IS ESSENTIAL TO THE
COMPANY'S EFFORTS TO ACQUIRE ECHLIN. The combination of SPX and
Echlin will position SPX for future growth and EVA improvement,
and will benefit shareholders, employees, and customers of both
companies.
YOUR VOTE COUNTS!
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. Your vote is important to the future of your company.
. Shareholder votes will be tabulated on May 20 at the Annual
Meeting of Shareholders, so be sure to SIGN, DATE, AND MAIL YOUR
PROXY CARD AS SOON AS POSSIBLE.
Sincerely,
John B. Blystone
Chairman, President and
Chief Executive Officer