CLEVELAND, OH...Eaton Corporation announced today that it has been advised by the federal government that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, applicable to its acquisition of CAPCO Automotive Products Corporation, has been terminated, effective immediately. The offer by Eaton's wholly owned subsidiary, Eaton Acquisition Corporation, to purchase all of the outstanding shares of common stock, and the associated preferred stock purchase rights, of CAPCO is scheduled to expire at midnight tonight.

Eaton Corporation is a global manufacturer of highly engineered products which serve vehicle, industrial, construction, commercial and aerospace markets. Principal products include truck transmissions and axles, engine components, hydraulic products, electrical power distribution and control equipment, ion implanters and a wide variety of controls. Headquartered in Cleveland, the company has 52,000 employees and 150 manufacturing sites in 23 countries around the world. Sales for 1995 were $6.8 billion.