EXHIBIT (A)(8)
Contacts: Investment Community Media
Steve Dalberth Elizabeth Mather
Sunbeam Corporation Robinson, Lerer & Montgomery
(561) 912-4800 (212) 484-7701
SUNBEAM WITHDRAWS EXCHANGE OFFER FOR ZERO COUPON CONVERTIBLE
DEBENTURES DUE 2018
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BOCA RATON, FL, SEPTEMBER 12, 2000 -- Sunbeam Corporation (NYSE: SOC)
today announced that it has withdrawn its offer to exchange all of its
outstanding Zero Coupon Convertible Senior Subordinated Debentures due 2018
for newly issued 11% Senior Secured Subordinated Notes due 2011 and shares
of Sunbeam common stock, without accepting and paying for any tendered Zero
Coupon Debentures. The holders of the Zero Coupon Debentures have been
unwilling to participate in the exchange offer on the terms proposed.
Sunbeam will promptly return to the tendering holders any Zero Coupon
Debentures that were properly tendered and not withdrawn prior to the
withdrawal of the exchange offer.
Sunbeam Corporation is a leading consumer products company that
designs, manufactures and markets, nationally and internationally, a
diverse portfolio of consumer products under such world-class brands as
Sunbeam(R), Oster(R), Grillmaster(R), Coleman(R), Mr. Coffee(R), First
Alert(R), Powermate(R), Health o meter(R), and Campingaz(R).
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