AbitibiBowater’s Investment Agreement with Fairfax Financial Holdings

Cravath represented the independent directors of AbitibiBowater Inc. in connection with the company’s agreement with Fairfax Financial Holdings Limited for an investment in AbitibiBowater of $350 million in the form of unregistered convertible debentures. The lawyers involved in the matter were partner James C. Woolery and associates Dean M. Mades and David Fishman on corporate matters. The deal was announced on March 24, 2008.