SECURITIES AND EXCHANGE COMMISSION
                           WASHINGTON, D.C. 20549

                             ------------------

                                  FORM 8-K

                               CURRENT REPORT
                   PURSUANT TO SECTION 13 OF 15(d) OF THE
                      SECURITIES EXCHANGE ACT OF 1934

      Date of report (Date of earliest event reported)  March 30, 1998


                          Laser Acquisition Corp.
               ---------------------------------------------
               Exact Name of Registrant Specified in Charter


       Delaware                   333-29123                  650752460
----------------------------------------------------------------------------
(State or Other Jurisdiction    (Commission                (IRS Employer
     of Incorporation)           File Number             Identification No.)

 2111 E. 37th Street North, Wichita, Kansas                      67219
----------------------------------------------------------------------------
(Address of Principal Executive Offices)                        (Zip Code)


Registrant's telephone number, including area code --(316) 832-2700---------


                             CLN Holdings Inc.
----------------------------------------------------------------------------
      (Former Name or Former Address, if Changed Since Last Report)






ITEM 1.  CHANGES  IN CONTROL OF THE REGISTRANT

            On March 30, 1998, Sunbeam Corporation, a Delaware corporation
("Sunbeam"), acquired control of CLN Holdings Inc. ("CLN Holdings"), a
Delaware corporation which had previously been an indirect wholly owned
subsidiary of Mafco Holdings Inc., a corporation wholly owned by Ronald O.
Perelman ("Mafco"). The change of control of CLN Holdings occurred upon
consummation of the merger (the "Holdings Merger") of CLN Holdings with and
into Laser Acquisition Corp., a Delaware corporation and a wholly owned
subsidiary of Sunbeam ("LAC"), pursuant to the Agreement and Plan of
Merger, dated as of February 27, 1998, as amended (the "Holdings Merger
Agreement"), among Sunbeam, LAC, CLN Holdings and Coleman (Parent) Holdings
Inc. ("Parent Holdings"), a Delaware corporation and the former parent
corporation of CLN Holdings. Upon consummation of the Holdings Merger, CLN
Holdings was merged with and into LAC, with LAC continuing as the surviving
corporation (the "Surviving Corporation") and succeeding to all the rights
and obligations of CLN Holdings.

            At the effective time of the Holdings Merger, all of the
members of the board of directors of LAC became directors of the Surviving
Corporation.

            The total amount of funds and other consideration required by
Sunbeam to consummate the Holdings Merger was $159,956,756 in cash and
14,099,749 shares of Sunbeam Common Stock. Sunbeam obtained the cash
portion of the Holdings Merger consideration from a recently completed
offering of $2,014 million principal amount of Zero Coupon Convertible
Senior Subordinated Debentures due 2018.

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

(a)   Exhibits.

99.1  Press Release issued by Sunbeam on March 30, 1998 announcing the
      consummation of the Holdings Merger.



                                 SIGNATURE

         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.


                              LASER ACQUISITION CORP.


                              By: /s/ David C. Fannin
                                 --------------------------------------
                                  David C. Fannin
                                  Executive Vice President,
                                  General Counsel and Secretary



April 8, 1998





                               EXHIBIT INDEX

99.1  Press Release issued by Sunbeam on March 30, 1998 announcing the
      consummation of the Holdings Merger.
[{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 4048}]
{"company-data": {"conformed-name": "CLN HOLDINGS INC", "cik": "0001040968", "assigned-sic": "3990", "irs-number": "650752460", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-29123", "film-number": "98589659"}, "business-address": {"street1": "P.O. BOX 2931", "street2": "STE 700", "city": "WICHITA", "state": "KS", "zip": "67201", "phone": "9547729000"}, "mail-address": {"street1": "5900 N ANDREWS AVE", "street2": "STE 700", "city": "FORT LAUDERDALE", "state": "FL", "zip": "33309"}, "former-company": {"former-conformed-name": "COLEMAN ESCROW CORP", "date-changed": "19970612"}}
SECURITIES AND EXCHANGE COMMISSION
                           WASHINGTON, D.C. 20549

                             ------------------

                                  FORM 8-K

                               CURRENT REPORT
                   PURSUANT TO SECTION 13 OF 15(d) OF THE
                      SECURITIES EXCHANGE ACT OF 1934

      Date of report (Date of earliest event reported)  March 30, 1998

                          Laser Acquisition Corp.
               ---------------------------------------------
               Exact Name of Registrant Specified in Charter

       Delaware                   333-29123                  650752460
----------------------------------------------------------------------------
(State or Other Jurisdiction    (Commission                (IRS Employer
     of Incorporation)           File Number             Identification No.)

 2111 E. 37th Street North, Wichita, Kansas                      67219
----------------------------------------------------------------------------
(Address of Principal Executive Offices)                        (Zip Code)

Registrant's telephone number, including area code --(316) 832-2700---------

                             CLN Holdings Inc.
----------------------------------------------------------------------------
      (Former Name or Former Address, if Changed Since Last Report)

ITEM 1.  CHANGES  IN CONTROL OF THE REGISTRANT

            On March 30, 1998, Sunbeam Corporation, a Delaware corporation
("Sunbeam"), acquired control of CLN Holdings Inc. ("CLN Holdings"), a
Delaware corporation which had previously been an indirect wholly owned
subsidiary of Mafco Holdings Inc., a corporation wholly owned by Ronald O.
Perelman ("Mafco"). The change of control of CLN Holdings occurred upon
consummation of the merger (the "Holdings Merger") of CLN Holdings with and
into Laser Acquisition Corp., a Delaware corporation and a wholly owned
subsidiary of Sunbeam ("LAC"), pursuant to the Agreement and Plan of
Merger, dated as of February 27, 1998, as amended (the "Holdings Merger
Agreement"), among Sunbeam, LAC, CLN Holdings and Coleman (Parent) Holdings
Inc. ("Parent Holdings"), a Delaware corporation and the former parent
corporation of CLN Holdings. Upon consummation of the Holdings Merger, CLN
Holdings was merged with and into LAC, with LAC continuing as the surviving
corporation (the "Surviving Corporation") and succeeding to all the rights
and obligations of CLN Holdings.

            At the effective time of the Holdings Merger, all of the
members of the board of directors of LAC became directors of the Surviving
Corporation.

            The total amount of funds and other consideration required by
Sunbeam to consummate the Holdings Merger was $159,956,756 in cash and
14,099,749 shares of Sunbeam Common Stock. Sunbeam obtained the cash
portion of the Holdings Merger consideration from a recently completed
offering of $2,014 million principal amount of Zero Coupon Convertible
Senior Subordinated Debentures due 2018.

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

(a)   Exhibits.

99.1  Press Release issued by Sunbeam on March 30, 1998 announcing the
      consummation of the Holdings Merger.

                                 SIGNATURE

         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.

                              LASER ACQUISITION CORP.

                              By: /s/ David C. Fannin
                                 --------------------------------------
                                  David C. Fannin
                                  Executive Vice President,
                                  General Counsel and Secretary

April 8, 1998

                               EXHIBIT INDEX

99.1  Press Release issued by Sunbeam on March 30, 1998 announcing the
      consummation of the Holdings Merger.