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Fairfax buys into Abitibi’s financing overhaul

(CP)
Monday, March 24, 2008

MONTREAL—Fairfax Financial Holdings Ltd. is buying into the financial restructuring of AbitibiBowater Inc., agreeing to purchase $350 million (U.S.) worth of convertible debentures.
The involvement of the Toronto-headquartered insurance company, widely respected as an astute investor, prodded AbitibiBowater shares up as much as 27 percent this morning on the Toronto Stock Exchange.