UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(RULE 13D-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13D-1(B) AND (C) AND AMENDMENTS THERETO FILED
PURSUANT TO 13D-2(B)
SUNBEAM CORPORATION
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(Name of Issuer)
COMMON STOCK, PAR VALUE $0.01 PER SHARE
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(Title of Class of Securities)
867071 10 2
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(CUSIP Number)
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SCHEDULE 13G
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CUSIP NO. 867071 10 2 Page 2 of 8
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
RONALD O. PERELMAN
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE ORGANIZATION
UNITED STATES
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5 SOLE VOTING POWER
283,850
NUMBER OF
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6 SHARED VOTING POWER
SHARES 14,099,749
BENEFICIALLY
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7 SOLE DISPOSITIVE POWER
OWNED 283,850
BY EACH
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8 SHARED DISPOSITIVE POWER
REPORTING 14,099,749
PERSON WITH
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
14,383,599
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
14.3%
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12 TYPE OF REPORTING PERSON
IN
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SCHEDULE 13G
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CUSIP NO. 867071 10 2 Page 3 of 8
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MAFCO HOLDINGS INC.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE ORGANIZATION
DELAWARE
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5 SOLE VOTING POWER
-0-
NUMBER OF
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6 SHARED VOTING POWER
SHARES 14,099,749
BENEFICIALLY
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7 SOLE DISPOSITIVE POWER
OWNED -0-
BY EACH
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8 SHARED DISPOSITIVE POWER
REPORTING 14,099,749
PERSON WITH
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,099,749
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)EXCLUDES CERTAIN SHARES
[X]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
14.0%
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12 TYPE OF REPORTING PERSON
CO
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<PAGE>
SCHEDULE 13G
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CUSIP NO. 867071 10 2 Page 4 of 8
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
COLEMAN (PARENT) HOLDINGS INC.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE ORGANIZATION
DELAWARE
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5 SOLE VOTING POWER
-0-
NUMBER OF
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6 SHARED VOTING POWER
SHARES 14,099,749
BENEFICIALLY
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7 SOLE DISPOSITIVE POWER
OWNED -0-
BY EACH
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8 SHARED DISPOSITIVE POWER
REPORTING 14,099,749
PERSON WITH
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
14,099,749
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES
[X]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
14.0%
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12 TYPE OF REPORTING PERSON
CO
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SCHEDULE 13G
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CUSIP NO. 867071 10 2 Page 5 of 8
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ITEM 1(a): NAME OF ISSUER.
Sunbeam Corporation (the "Sunbeam")
ITEM 1(b): ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES.
1615 South Congress Avenue
Delray Beach, Florida 33445
ITEM 2(a): NAME OF PERSONS FILING.
Coleman (Parent) Holdings Inc. ("Parent Holdings") is an
indirect wholly owned subsidiary of Mafco Holdings Inc. ("Mafco
Holdings"). All of the capital stock of Mafco Holdings is owned
by Ronald O. Perelman.*
ITEM 2(b): ADDRESS OF PRINCIPAL BUSINESS OFFICE.
The principal business offices of Parent Holdings is 5900
North Andrews Avenue, Suite 700, Fort Lauderdale, Florida 33309.
The principal address of Mr. Perelman and the principal business
offices of Mafco Holdings are each located at 35 East 62nd
Street, New York, New York 10021.
ITEM 2(c): CITIZENSHIP.
Parent Holdings and Mafco Holdings are Delaware corporations.
Mr. Perelman is a citizen of the United States.
ITEM 2(d): TITLE OF CLASS OF SECURITIES.
Common Stock, par value $0.01 per share (the "Shares").
ITEM 2(e): CUSIP NUMBER.
867071 10 2
ITEM 3: If this statement is filed pursuant to Rule 13d-1(c),
check this box. [X]
ITEM 4: OWNERSHIP.
On February 27, 1998, Parent Holdings and CLN Holdings Inc.
("CLN Holdings"), a Delaware corporation and direct wholly owned
subsidiary of Parent Holdings, entered into an Agreement and Plan
of Merger (the "Merger Agreement") with Sunbeam and Laser
Acquisition Corp., a Delaware corporation and a wholly owned
subsidiary of Sunbeam ("Merger Sub"), providing for, among other
things, upon satisfaction or waiver of the conditions thereto,
the merger (the "Merger") of Merger Sub with CLN Holdings. The
Merger and related transactions are described in the Amended
Current Report on Form 8-K/A filed by
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* See attached Joint Filing Agreement
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SCHEDULE 13G
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CUSIP NO. 867071 10 2 Page 6 of 8
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CLN Holdings on March 4, 1998. On March 30, 1998 the Merger
was consummated. Upon consummation of the Merger, among other
things, all shares of common stock of CLN Holdings were converted
into 14,099,749 Shares and cash. This statement on Schedule 13G
is being filed because Mafco Holdings and Parent Holdings may be
deemed to beneficially own the aforementioned 14,099,749 Shares
by virtue of the consummation of the Merger.
Pursuant to the Merger Agreement, upon consummation of the
Merger, options (the "Options") to purchase 500,000 shares of
common stock of The Coleman Company, Inc. ("Coleman"), which
Options were granted during 1997 to Mr. Perelman under certain of
Coleman's stock option plans, became immediately exercisable.
Pursuant to the Agreement and Plan of Merger, dated as of
February 27, 1998, among Sunbeam, Camper Acquisition Corp., a
Delaware corporation and wholly owned subsidiary of Sunbeam
("Camper"), and Coleman, pursuant to which Coleman will merge
(the "Coleman Merger") with Camper and become a wholly owned
subsidiary of Sunbeam, each share of the common stock of Coleman
acquired pursuant to the exercise of such Options and outstanding
as of the consummation of the Coleman Merger will be converted
into the right to receive $6.44 in cash and .5677 Shares of
common stock of Sunbeam. Any Options unexercised as of the
consummation of the Coleman Merger will be canceled, and, in
settlement therefor, the holders of such Options will be paid
cash in an amount equal to the product of (i) the total number of
shares of common stock of Coleman subject to such Options and
(ii) the excess of $27.50 over the exercise price per share of
such common stock subject to such Options, less any applicable
withholding taxes. Sunbeam has indicated that it expects the
Coleman Merger to be consummated during the second quarter of
1998. This statement on Schedule 13G reflects Mr. Perelman's
ownership of the Options to acquire 500,000 shares of common
stock of Coleman that may be converted in the Coleman Merger into
283,850 Shares of common stock of Sunbeam. Pursuant to Rule
13d-4, Mafco Holdings and Parent Holdings expressly disclaim
beneficial ownership of such 283,850 Shares and declare that the
filing of this statement on Schedule 13G shall not be construed
as an admission that either of them is, for purposes of Section
13(d) or 13(g) of the Securities Exchange Act of 1934, as
amended, the beneficial owner of any of such Shares.
(a) Amount Beneficially Owned: 14,099,749 Shares plus, in
the case of Mr. Perelman only, Options to purchase shares of
common stock of Coleman that may be converted in the Coleman
Merger into 283,850 Shares.
(b) Percent of Class: Approximately 14.0% (14.3% in the case of
Mr. Perelman only) based upon an aggregate of 100,811,445
Shares outstanding on March 30, 1998 which includes the
14,099,749 Shares issued in the Merger (based on information
provided to the filing persons by Sunbeam).
(c) See items 5-8 on pages 2, 3 and 4 with respect to each
respective filing person.
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SCHEDULE 13G
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CUSIP NO. 867071 10 2 Page 7 of 8
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ITEM 5: OWNER OF FIVE PERCENT OR LESS OF A CLASS.
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following: [ ]
ITEM 6: OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
The 14,099,749 Shares received by Parent Holdings in the
Merger, as well as the capital stock of the intermediary holding
companies affiliated with Mafco Holdings, may from time to time
be pledged to secure certain obligations.
ITEM 7: IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY.
Not Applicable
ITEM 8: IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not Applicable
ITEM 9: NOTICE OF DISSOLUTION OF GROUP.
Not Applicable
ITEM 10: CERTIFICATION.
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were not acquired
and are not held for the purpose of or with the effect of
changing or influencing the control or the issuer of the
securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose
or effect.
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SCHEDULE 13G
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CUSIP NO. 867071 10 2 Page 8 of 8
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SIGNATURES
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.
Dated as of: April 8, 1998
MAFCO HOLDINGS INC.
By: /s/ Glenn P. Dickes
Name: Glenn P. Dickes
Title:Senior Vice President
COLEMAN (PARENT) HOLDINGS INC.
By: /s/ Glenn P. Dickes
Name: Glenn P. Dickes
Title:Vice President
/s/ Ronald O. Perelman
Ronald O. Perelman
-8-
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JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k)(1) promulgated under the Securities
Exchange Act of 1934, the undersigned agree to the joint filing of a Statement
on Schedule 13G (including any and all amendments thereto) with respect to the
shares of Common Stock, par value $0.01 per share, of Sunbeam Corporation and
further agree that this Joint Filing Agreement (this "Agreement") be included as
an Exhibit thereto. In addition, each party to this Agreement expressly
authorizes each other party to this Agreement to file on its behalf any and all
amendments to such Statement.
Dated as of: April 8, 1998
MAFCO HOLDINGS INC.
By: /s/ Glenn P. Dickes
Name: Glenn P. Dickes
Title: Senior Vice President
COLEMAN (PARENT) HOLDINGS INC.
By: /s/ Glenn P. Dickes
Name: Glenn P. Dickes
Title: Vice President
/s/ Ronald O. Perelman
Ronald O. Perelman
