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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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AMENDMENT NO. 1 TO SCHEDULE 14D-1
Tender Offer Statement Pursuant to Section 14(d)(1)
of The Securities Exchange Act of 1934
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ECHLIN INC.
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(Name of Subject Company)
SPX CORPORATION
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(Bidder)
Common Stock, $1.00 Par Value
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(Title of Class of Securities)
278749106
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(CUSIP Number of Common Stock)
Christopher J. Kearney, Esq.
Vice President, Secretary and General Counsel
SPX Corporation
700 Terrace Point Drive
Muskegon, MI 49443
(616) 724-5000
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(Names, Address and Telephone Numbers of Persons Authorized to Receive
Notices and Communications on Behalf of Bidder)
Copy to:
Aviva Diamant, Esq.
Fried, Frank, Harris, Shriver & Jacobson
1 New York Plaza
New York, NY 10004
(212) 859-8000
Calculation of Filing Fee
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Transaction Valuation* Amount Of Filing Fee
$2,962,213,341 $592,442.67
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*For the purpose of calculating the fee only. This calculation assumes that
62,444,550 shares of common stock, par value $1.00 per share (the
"Shares"), of Echlin Inc. ("Echlin") (representing 63,594,700 Shares
outstanding as of March 31, 1998, as reported in Echlin's Quarterly Report
on Form 10-Q for the quarter ended February 28, 1998, less the 1,150,150
Shares owned by SPX Corporation ("SPX")) will be exchanged for shares of
common stock, par value $10.00 per share, of SPX and cash. The Transaction
Valuation was calculated on the basis of the average of the high and low
prices of a Share as reported on the New York Stock Exchange, Inc.
Composite Tape on April 29, 1998.
[X] Check box if any part of the fee is offset as provided by Rule
0-11(a)(2) and identify the filing with which the offsetting fee was
previously paid.
Identify the previous filing by registration statement number, or the
Form or Schedule and the date of its filing.
Amount Previously Paid: $529,442.67 Filing Party: SPX Corporation
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Form or Registration No.: Registration Statement on Form S-4
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(Registration No. 333-46381) ("Form S-4");
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Amendment No. 1 to Form S-4;
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Amendment No. 2 to Form S-4
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Schedule 14D-1
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Date Filed: February 17, 1998; April 2, 1998;
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April 22, 1998; April 30, 1998
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(1) Name of Reporting Persons S.S. or I.R.S. Identification Nos. of Above
Person
SPX Corporation; 38-1016240
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(2) Check the Appropriate Box if a Member of a Group (See Instructions)
[ ] (a)
[ ] (b)
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(3) SEC Use Only
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(4) Sources of Funds (See Instructions)
BK
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(5) [ ] Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(e) or 2(f)?
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(6) Citizenship or Place of Organization
Delaware
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(7) Aggregate Amount Beneficially Owned by Each Reporting Person
1,150,150
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(8) [ ] Check if the Aggregate Amount in Row 7 Excludes Certain Shares
(See Instructions).
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(9) Percent of Class Represented by Amount in Row 7
1.8%
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(10) Type of Reporting Person (See Instructions)
CO
Item 11. Material to be filed as Exhibits.
Item 11 of Schedule 14D-1 is hereby amended and supplemented by adding
the following:
(a)(8) Press Release issued by SPX on May 4, 1998
EXHIBIT INDEX
(a)(1) Prospectus of SPX, dated April 28, 1998. *
(a)(2) Letter of Transmittal with respect to the Shares. *
(a)(3) Notice of Guaranteed Delivery. *
(a)(4) Form of Letter to Brokers, Dealers, Commercial Banks, Trust
Companies and Other Nominees. *
(a)(5) Form of Letter to Clients for use by Brokers, Dealers,
Commercial Banks, Trust Companies and Other Nominees. *
(a)(6) Guidelines for Certification of Taxpayer Identification Number
on Substitute Form W-9. *
(a)(7) Press Release issued by SPX on April 29, 1998 *
(a)(8) Press Release issued by SPX on May 4, 1998
(b) Not applicable.
(c) Not applicable.
(d) Not applicable.
(e) See Exhibit (a)(1).
(f) Not applicable.
* Filed previously
SIGNATURE
After due inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete
and correct.
Dated: May 4, 1998
SPX Corporation
By: /s/CHRISTOPHER J. KEARNEY
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Christopher J. Kearney
Vice President, Secretary and
General Counsel
SPX ISSUES STATEMENT ON DANA OFFER FOR ECHLIN
MUSKEGON, MICHIGAN, May 4, 1998 -- SPX Corporation (NYSE: SPW) today
issued the following statement regarding the Dana Corp. (NYSE: DCN) offer
for Echlin Inc. (NYSE: ECH):
"We are evaluating the situation and looking at all of our options. We
will do what we conclude is in the best interest of SPX shareholders."
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. SPX's Internet address is www.spx.com.
###
This news release is neither an offer to exchange nor a solicitation of an
offer to exchange the common stock of Echlin for common stock of SPX. The
offer will be made solely by means of SPX's Prospectus and the related
Letter of Transmittal. This news release shall not constitute an offer to
sell or the solicitation of an offer to buy nor shall there be any sale of
these securities in any state in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state.
Contacts:
Charles A. Bowman
SPX Director of Corporate Finance
(616) 724-5194
George Sard/Anna Cordasco/Paul Caminiti
Sard Verbinnen & Co.
(212) 687-8080
