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Non-Tech : soc-sunbeam

SOC 10.46

-18.5%

Oct 31 9:30 AM EST

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To: R. Murphey who wrote (385)	11/24/1999 6:24:00 PM
From: KS	Read Replies (1) of 407

November 24, 1999 17:49 SUNBEAM CORP files prelim info statement for merger or acq. Dear Stockholder: On or about , 1999, Coleman plans to merge with a subsidiary of Sunbeam Corporation. Under the February 1998 agreement relating to the merger, you will receive $6.44 in cash and 0.5677 of a share of Sunbeam common stock for each share of Coleman common stock you own when the merger is completed. In addition, under a court-approved litigation settlement, you will receive warrants each entitling you to purchase one Sunbeam share at a cash price of $7 per share until August 24, 2003. You will receive 0.381 of a warrant for each share of Coleman common stock you own when the merger is completed (assuming no further increase in the number of outstanding Coleman shares). The merger was approved by Coleman's board of directors and majority stockholder, a subsidiary of MacAndrews & Forbes Holdings Inc., on February 27, 1998. AS A RESULT, NO FURTHER ACTION BY YOU OR ANY OTHER COLEMAN STOCKHOLDER IS REQUIRED TO COMPLETE THE MERGER. See remaining at... newsalert.com

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