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 (Date of earliest event reported): October 6, 1998

                              SPX Corporation
           (Exact name of registrant as specified in its charter)


        Delaware                  1-6948                    38-1016240
(State of incorporation)   (Commission File Number)        (IRS Employer
                                                         Identification No.)



   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 2.   ACQUISITION OR DISPOSITION OF ASSETS

          On  October  6,  1998,  General  Signal  Corporation,  a New York
corporation   ("General  Signal"),   merged  into  SAC  Corp.,  a  Delaware
corporation  and  a  wholly  owned   subsidiary  of  SPX  Corporation  (the
"Registrant"), with SAC Corp., the surviving corporation, changing its name
immediately  following  the  merger  to  General  Signal  Corporation.  The
Registrant  and General  Signal  issued a joint press release on October 6,
1998 announcing the  consummation of the merger.  A copy of the joint press
release is attached hereto as Exhibit 99.1.

          As a result of the  merger,  the  Registrant  provided  aggregate
consideration of approximately  $784.115 million in cash and 18.236 million
shares of common stock,  par value $10.00 per share,  of the  Registrant in
exchange for all of the outstanding shares of common stock, par value $1.00
per share, of General Signal. The amount of consideration was determined as
a result of negotiation between the Registrant and General Signal.

          Messrs.  H. Kent Bowen and  Emerson  U.  Fullwood,  directors  of
General  Signal  prior  to the  merger,  were  appointed  to the  Board  of
Directors of the Registrant effective as of October 6, 1998.

          Funds  used for the  payment  of the  merger  consideration  were
provided pursuant to a Credit Agreement, dated as of October 6, 1998, among
the  Registrant,  57 Lenders party thereto and The Chase Manhattan Bank, as
Administrative  Agent,  providing  for  credit  facilities  of up to  $1.65
billion.

          General  Signal's  assets  include  plants,  equipment  and other
physical  property.  The business conducted is the manufacture of equipment
for the Process  Controls,  Electrical  Controls and Industrial  Technology
industries.  Key products  include (i) with respect to the Process Controls
industry,   mixers;  valves  for  municipal  water  supply  and  wastewater
treatment,  pulp, paper, food,  pharmaceutical and chemical  manufacturing;
ultra  low-temperature  freezers for life science  research;  and furnaces;
(ii) with  respect to the  Electrical  Controls  industry,  uninterruptible
power supply equipment,  power transformers and fire detection systems; and
(iii) with respect to the Industrial Technology industry,  auto and bicycle
components,  data  networking  equipment  and fare  collection  and vending
equipment.  The  Registrant  intends to  operate  the  assets  acquired  as
previously operated;  provided,  however, that changing business conditions
or strategic plans may lead to changes in operations in the future.

Item 5.   OTHER EVENTS

          The  results  of  the  merger  consideration   election  and  the
proration of the cash election and the mixed  election were  disclosed in a
press release issued October 8, 1998, a copy of which is attached hereto as
Exhibit 99.2 and incorporated herein by reference.

Item 7.   FINANCIAL STATEMENTS, PRO FORMA FINANCIAL
          INFORMATION AND EXHIBITS

          (a)  Financial Statements

               Financial  statements for General Signal are not included in
               this Current  Report on Form 8-K. The  Registrant  will file
               such financial statements by December 8, 1998.

          (b)  Pro Forma Financial Information

               Pro forma  financial  information  for General Signal is not
               included in this Current  Report on Form 8-K. The Registrant
               will file such pro forma  financial  information by December
               8, 1998.

          (c)  Exhibits

               Exhibit 2      Agreement  and  Plan of  Merger,  dated as of
                              July 19,  1998,  among SPX  Corporation,  SAC
                              Corp.   and   General   Signal    Corporation
                              (incorporated    by   reference    from   the
                              Registrant's  Registration  Statement on Form
                              S-4 (File No. 333-60853))

               Exhibit 99.1   Joint Press  Release,  dated October 6, 1998,
                              issued by SPX  Corporation and General Signal
                              Corporation.

               Exhibit 99.2   Press Release,  dated October 8, 1998, issued
                              by SPX Corporation.

                                 SIGNATURES

          Pursuant to the  requirements  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)


                                    By: /s/Christopher J. Kearney
                                       -----------------------------
                                          Christopher J. Kearney
                                          Vice President, Secretary
                                             and General Counsel

Date:  October 9, 1998




Contact:  Charles A. Bowman
          616-724-5194
          E-mail:  investor@spx.com



              SPX CORPORATION COMPLETES GENERAL SIGNAL MERGER



          MUSKEGON, MI - October 6, 1998 - SPX Corporation (NYSE:SPW) today
announced that the merger with General Signal Corporation has been
completed (NYSE:GSX).

          John B. Blystone, Chairman, President and Chief Executive Officer
of SPX Corporation said, "We are very excited about combining SPX and
General Signal to create a strong industrial and vehicle solutions company.
Our leadership team will apply its proven Value Improvement Process(TM) to
reduce corporate costs, achieve operating efficiencies, enhance
productivity, extend EVA-based compensation and improve customer quality
and service. We're confident that we can achieve superior growth and
profitability for the combined company and create value for our
shareholders."

          Based on preliminary results, the cash election was
oversubscribed. However, the exact ratio of cash and stock that will be
received by General Signal shareholders which elected to receive cash or a
combination of cash and stock will not be determined until after the
October 7 deadline for elections made by guaranteed delivery.

          SPX Corporation is a global provider of industrial and vehicle
solutions including process and electrical controls, network technologies,
service solutions to franchised vehicle dealers, and components and service
support to vehicle manufacturers. The Internet address for SPX
Corporation's home page is www.spx.com.



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Contact:  Charles A. Bowman
          616-724-5194
          E-mail:  investor@spx.com

                SPX CORPORATION ANNOUNCES RESULTS OF MERGER
            CONSIDERATION ELECTIONS IN THE GENERAL SIGNAL MERGER

          MUSKEGON, MI - October 8, 1998 - SPX Corporation (NYSE:SPW) has
been informed by the Exchange Agent that the General Signal shareholder
elections as to the form of merger consideration in connection with the
merger of General Signal Corporation into a subsidiary of SPX were as
follows:

          Cash: 33,945,564 shares of General Signal
          Stock: 6,724,284 shares of General Signal
          Mixed Election: 396,620 shares of General Signal
          Non-Election: 2,495,473 shares of General Signal

          Under the terms of the merger agreement, an aggregate of 60% of
the shares of common stock of General Signal will be exchanged for shares
of common stock of SPX Corporation at a ratio of 0.6977 of an SPX share per
General Signal share, and an aggregate of 40% of the shares of common stock
of General Signal will be exchanged for $45 per General Signal share in
cash. As a result of the elections, the merger consideration will be paid
as follows:

          -    Cash election: approximately 0.341226 of an SPX share and
               $22.99 in cash for each General Signal share.

          -    Mixed election: approximately 0.555110 of an SPX share and
               $9.20 in cash for each General Signal share.

          -    Stock election and non-election: 0.6977 of an SPX share for
               each General Signal share.

          Approximately 18.2 million shares of SPX common stock and $784.1
million in cash will be paid in total to General Signal shareholders.
Fractional shares will be paid in cash based on the $47 1/4 closing price
of an SPX share on October 5, the day before the merger.

          SPX Corporation is a global provider of industrial and vehicle
solutions including process and electrical controls, network technologies,
service solutions to franchised vehicle dealers, and components and service
support to vehicle manufacturers. The Internet address for SPX
Corporation's home page is www.spx.com.

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