SPX CORP
8-K, 1998-10-05
METALWORKG MACHINERY & EQUIPMENT
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                     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 5, 1998

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


                                   1-6948
        Delaware           (Commission File Number)           38-1016240
(State of incorporation)                                    (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




<PAGE>



Item 5.   OTHER EVENTS

          The shareholders of SPX Corporation and General Signal
Corporation approved the merger of the two companies at their respective
special meetings held on October 5, 1998.

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

          (c)     Exhibits

                  Exhibit 99  Joint Press Release, dated October 5, 1998,
                              issued by SPX Corporation and General Signal
                              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 5, 1998





Contact: Charles A. Bowman
         616-724-5194
         E-mail:  [email protected]



             SPX AND GENERAL SIGNAL SHAREHOLDERS APPROVE MERGER



          MUSKEGON, MI - October 5, 1998 - SPX Corporation (NYSE:SPW) and
General Signal Corporation (NYSE:GSX) today announced that both SPX and
General Signal shareholders have approved the merger of the two companies.
SPX and General Signal expect to complete the transaction tomorrow, October
6, 1998.

          On July 20, 1998, SPX announced that the Board of Directors of
both SPX and General Signal had approved a definitive merger agreement.

          General Signal Corporation is a leading manufacturer of quality
products for the process control, electrical control and industrial
technology industries worldwide. General Signal's Internet address is
www.generalsignal.com.

          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 Corporation's home page is
www.spx.com.



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