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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 14D-9
AMENDMENT NO. 2 (FINAL AMENDMENT)
Solicitation/Recommendation Statement
Pursuant to Section 14(d)(4)
of the Securities Exchange Act of 1934
ECHLIN INC.
(Name of Subject Company)
ECHLIN INC.
(Name of Person(s) Filing Statement)
Common Stock, par value $1.00 per share
(including the associated Series A Participating Cumulative Preferred Stock
purchase rights)
(Title of Class of Securities)
278749106
(CUSIP Number of Class of Securities)
Jon P. Leckerling, Esq.
Senior Vice President,
General Counsel and Corporate Secretary
Echlin Inc.
100 Double Beach Road
Branford, Connecticut 06405
(203) 481-5751
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications
on Behalf of the Person(s) Filing Statement)
With a copy to:
John J. McCarthy, Jr., Esq.
Davis Polk & Wardwell
450 Lexington Avenue
New York, New York 10017
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Item 8. Additional Information to be Furnished
On May 6, 1998, SPX announced the withdrawl of the SPX Exchange
Offer and the Company announced that it intended to proceed with the Dana
Merger. A copy of the Company's press release is filed as Exhibit 26 hereto,
and is incorporated herein by reference.
Item 9. Material to be Filed as Exhibits.
The response to Item 9 is hereby amended by adding the
following new exhibits:
Exhibit 26 Text of advertisement published by the
Company on May 6, 1998
SIGNATURE
After reasonable 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.
ECHLIN INC.
By: /s/ Jon P. Leckerling
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Name: Jon P. Leckerling
Title: Senior Vice President,
General Counsel and Corporate
Secretary
Dated: May 6, 1998
[ECHLIN LOGO]
For Further Information Contact:
Paul Ryder
Vice President
Investor Relations
ECHLIN REACTS TO SPX'S ANNOUNCEMENT WITHDRAWING BID
BRANFORD, Conn., May 6, 1998--Echlin Inc. (NYSE:ECH) released
the following statement today on SPX Corporation's announcement withdrawing its
exchange offer to acquire Echlin.
Echlin Chairman, President and Chief Executive Officer Larry
McCurdy stated, "We are delighted at today's announcement by SPX to withdraw
its unsolicited bid for Echlin. We are eager to proceed with the previously
announced strategic business combination with Dana Corporation, which we
believe is in the best interests of our constituencies. Partnering with Dana
will provide great value to our shareholders, and gives all our stakeholders
the opportunity to participate in the upside potential this combination
represents."
Echlin, with annual sales of $3.5 billion, is a leading
producer of quality motor vehicle parts, with more than 140 operations and
28,000 employees spread across six continents.
