-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, A+D093gAcYu+1k5preYdczj4fKZ6aXt7aLZ2dSp58JRSbWsy8Jo97NeuUR+L0UUS XVv9b2UxW/FJrfmr4NCh3w== 0000909567-09-000270.txt : 20090323 0000909567-09-000270.hdr.sgml : 20090323 20090323170159 ACCESSION NUMBER: 0000909567-09-000270 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20090323 DATE AS OF CHANGE: 20090323 GROUP MEMBERS: 1109519 ONTARIO LIMITED GROUP MEMBERS: 810679 ONTARIO LIMITED GROUP MEMBERS: COMMONWEALTH INSURANCE COMPANY GROUP MEMBERS: FAIRFAX FINANCIAL HOLDINGS LIMITED GROUP MEMBERS: FEDERATED INSURANCE COMPANY OF CANADA GROUP MEMBERS: LOMBARD GENERAL INSURANCE COMPANY OF CANADA GROUP MEMBERS: LOMBARD INSURANCE COMPANY GROUP MEMBERS: MARKEL INSURANCE COMPANY OF CANADA GROUP MEMBERS: NORTHBRIDGE FINANCIAL CORPORATION GROUP MEMBERS: ODYSSEY AMERICA REINSURANCE CORPORATION GROUP MEMBERS: ODYSSEY RE HOLDINGS CORP. GROUP MEMBERS: THE NORTH RIVER INSURANCE COMPANY GROUP MEMBERS: THE SIXTY TWO INVESTMENT COMPANY LIMITED GROUP MEMBERS: TIG INSURANCE COMPANY GROUP MEMBERS: V. PREM WATSA SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AbitibiBowater Inc. CENTRAL INDEX KEY: 0001393066 STANDARD INDUSTRIAL CLASSIFICATION: PAPER MILLS [2621] IRS NUMBER: 980526415 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-83334 FILM NUMBER: 09699327 BUSINESS ADDRESS: STREET 1: 1155 METCALF STREET, SUITE 800 CITY: MONTREAL STATE: A8 ZIP: H3B 5H2 BUSINESS PHONE: 514-875-2160 MAIL ADDRESS: STREET 1: 1155 METCALF STREET, SUITE 800 CITY: MONTREAL STATE: A8 ZIP: H3B 5H2 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FAIRFAX FINANCIAL HOLDINGS LTD/ CAN CENTRAL INDEX KEY: 0000915191 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 000000000 STATE OF INCORPORATION: A6 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 95 WELLINGTON ST WEST STREET 2: STE 800 CITY: TORONTO ONTARIO CANA STATE: A6 BUSINESS PHONE: 4163674941 MAIL ADDRESS: STREET 1: FAIRFAX FINANCIAL HOLDINGS LTD STREET 2: 95 WELLINGTON ST WEST STE 800 CITY: TORONTO ONTARIO CANA STATE: A6 FORMER COMPANY: FORMER CONFORMED NAME: FAIRFAX FINANCIAL HOLDINGS LTD DATE OF NAME CHANGE: 19931122 SC 13D/A 1 o54365sc13dza.htm SC 13D/A SC 13D/A

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

AMENDMENT NO. 2 TO

SCHEDULE 13D

UNDER THE SECURITIES EXCHANGE ACT OF 1934

AbitibiBowater Inc.
(Name of Issuer)
Common Stock, $1.00 par value
(Title of Class of Securities)
003687100
(CUSIP Number)
Eric P. Salsberg
Vice President, Corporate Affairs
Fairfax Financial Holdings Limited
95 Wellington Street West, Suite 800
Toronto, Ontario, Canada, M5J 2N7
Telephone: (416) 367-4941
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
- With a copy to -

Christopher J. Cummings
Shearman & Sterling LLP
Commerce Court West
199 Bay Street, Suite 4405
Toronto, Ontario M5L 1E8
Telephone (416) 360-8484
March 13, 2009
(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box o.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 
 


 

                     
CUSIP No.
 
003687100 
13D Page  
  of   
46 
 Pages

 

           
(1)   Name of Reporting Person

V. Prem Watsa
     
     
(2)   Check the Appropriate Box if a Member of a Group

  (a)   o 
  (b)   þ 
     
(3)   SEC Use Only
   
   
     
(4)   Source of Funds
   
  OO
     
(5)   Check box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e).
   
  o
     
(6)   Citizenship or Place of Organization
   
  Canada
       
  (7)   Sole Voting Power
     
Number of  
       
Shares (8)   Shared Voting Power
Beneficially    
Owned by   36,886,111
       
Each (9)   Sole Dispositive Power
Reporting    
Person  
       
With (10)   Shared Dispositive Power
     
    36,886,111
     
(11)   Aggregate Amount Beneficially Owned by each Reporting Person
   
  36,886,111
     
(12)   Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
   
  o
     
(13)   Percent of Class Represented by Amount in Row (11)
   
  40.9
     
(14)   Type of Reporting Person (See Instructions)
   
  IN

2


 

                     
CUSIP No.
 
003687100 
13D Page  
  of   
46 
 Pages

 

           
(1)   Name of Reporting Person

1109519 ONTARIO LIMITED
     
     
(2)   Check the Appropriate Box if a Member of a Group

  (a)   o 
  (b)   þ 
     
(3)   SEC Use Only
   
   
     
(4)   Source of Funds
   
  OO
     
(5)   Check box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e).
   
  o
     
(6)   Citizenship or Place of Organization
   
  Ontario, Canada
       
  (7)   Sole Voting Power
     
Number of  
       
Shares (8)   Shared Voting Power
Beneficially    
Owned by   36,886,111
       
Each (9)   Sole Dispositive Power
Reporting    
Person  
       
With (10)   Shared Dispositive Power
     
    36,886,111
     
(11)   Aggregate Amount Beneficially Owned by each Reporting Person
   
  36,886,111
     
(12)   Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
   
  o
     
(13)   Percent of Class Represented by Amount in Row (11)
   
  40.9
     
(14)   Type of Reporting Person (See Instructions)
   
  CO

3


 

                     
CUSIP No.
 
003687100 
13D Page  
  of   
46 
 Pages

 

           
(1)   Name of Reporting Person

THE SIXTY TWO INVESTMENT COMPANY LIMITED
     
     
(2)   Check the Appropriate Box if a Member of a Group

  (a)   o 
  (b)   þ 
     
(3)   SEC Use Only
   
   
     
(4)   Source of Funds
   
  OO
     
(5)   Check box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e).
   
  o
     
(6)   Citizenship or Place of Organization
   
  British Columbia
       
  (7)   Sole Voting Power
     
Number of  
       
Shares (8)   Shared Voting Power
Beneficially    
Owned by   36,886,111
       
Each (9)   Sole Dispositive Power
Reporting    
Person  
       
With (10)   Shared Dispositive Power
     
    36,886,111
     
(11)   Aggregate Amount Beneficially Owned by each Reporting Person
   
  36,886,111
     
(12)   Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
   
  o
     
(13)   Percent of Class Represented by Amount in Row (11)
   
  40.9
     
(14)   Type of Reporting Person (See Instructions)
   
  CO

4


 

                     
CUSIP No.
 
003687100 
13D Page  
  of   
46 
 Pages

 

           
(1)   Name of Reporting Person

810679 ONTARIO LIMITED
     
     
(2)   Check the Appropriate Box if a Member of a Group

  (a)   o 
  (b)   þ 
     
(3)   SEC Use Only
   
   
     
(4)   Source of Funds
   
  OO
     
(5)   Check box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e).
   
  o
     
(6)   Citizenship or Place of Organization
   
  Ontario, Canada
       
  (7)   Sole Voting Power
     
Number of  
       
Shares (8)   Shared Voting Power
Beneficially    
Owned by   36,886,111
       
Each (9)   Sole Dispositive Power
Reporting    
Person  
       
With (10)   Shared Dispositive Power
     
    36,886,111
     
(11)   Aggregate Amount Beneficially Owned by each Reporting Person
   
  36,886,111
     
(12)   Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
   
  o
     
(13)   Percent of Class Represented by Amount in Row (11)
   
  40.9
     
(14)   Type of Reporting Person (See Instructions)
   
  CO

5


 

                     
CUSIP No.
 
003687100 
13D Page  
  of   
46 
 Pages

 

           
(1)   Name of Reporting Person

FAIRFAX FINANCIAL HOLDINGS LIMITED
     
     
(2)   Check the Appropriate Box if a Member of a Group

  (a)   o 
  (b)   þ 
     
(3)   SEC Use Only
   
   
     
(4)   Source of Funds
   
  OO
     
(5)   Check box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e).
   
  o
     
(6)   Citizenship or Place of Organization
   
  Canada
       
  (7)   Sole Voting Power
     
Number of  
       
Shares (8)   Shared Voting Power
Beneficially    
Owned by   36,886,111
       
Each (9)   Sole Dispositive Power
Reporting    
Person  
       
With (10)   Shared Dispositive Power
     
    36,886,111
     
(11)   Aggregate Amount Beneficially Owned by each Reporting Person
   
  36,886,111
     
(12)   Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
   
  o
     
(13)   Percent of Class Represented by Amount in Row (11)
   
  40.9
     
(14)   Type of Reporting Person (See Instructions)
   
  CO

6


 

                     
CUSIP No.
 
003687100 
13D Page  
  of   
46 
 Pages

 

           
(1)   Name of Reporting Person

TIG INSURANCE COMPANY
     
     
(2)   Check the Appropriate Box if a Member of a Group

  (a)   o 
  (b)   þ 
     
(3)   SEC Use Only
   
   
     
(4)   Source of Funds
   
  OO
     
(5)   Check box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e).
   
  o
     
(6)   Citizenship or Place of Organization
   
  California
       
  (7)   Sole Voting Power
     
Number of  
       
Shares (8)   Shared Voting Power
Beneficially    
Owned by   5,269,444
       
Each (9)   Sole Dispositive Power
Reporting    
Person  
       
With (10)   Shared Dispositive Power
     
    5,269,444
     
(11)   Aggregate Amount Beneficially Owned by each Reporting Person
   
  5,269,444
     
(12)   Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
   
  o
     
(13)   Percent of Class Represented by Amount in Row (11)
   
  9.0
     
(14)   Type of Reporting Person (See Instructions)
   
  CO

7


 

                     
CUSIP No.
 
003687100 
13D Page  
  of   
46 
 Pages

 

           
(1)   Name of Reporting Person

THE NORTH RIVER INSURANCE COMPANY
     
     
(2)   Check the Appropriate Box if a Member of a Group

  (a)   o 
  (b)   þ 
     
(3)   SEC Use Only
   
   
     
(4)   Source of Funds
   
  OO
     
(5)   Check box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e).
   
  o
     
(6)   Citizenship or Place of Organization
   
  New Jersey
       
  (7)   Sole Voting Power
     
Number of  
       
Shares (8)   Shared Voting Power
Beneficially    
Owned by   7,904,166
       
Each (9)   Sole Dispositive Power
Reporting    
Person  
       
With (10)   Shared Dispositive Power
     
    7,904,166
     
(11)   Aggregate Amount Beneficially Owned by each Reporting Person
   
  7,904,166
     
(12)   Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
   
  o
     
(13)   Percent of Class Represented by Amount in Row (11)
   
  12.9
     
(14)   Type of Reporting Person (See Instructions)
   
  CO

8


 

                     
CUSIP No.
 
003687100 
13D Page  
  of   
46 
 Pages

 

           
(1)   Name of Reporting Person

ODYSSEY RE HOLDINGS CORP.
     
     
(2)   Check the Appropriate Box if a Member of a Group

  (a)   o 
  (b)   þ 
     
(3)   SEC Use Only
   
   
     
(4)   Source of Funds
   
  OO
     
(5)   Check box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e).
   
  o
     
(6)   Citizenship or Place of Organization
   
  Delaware
       
  (7)   Sole Voting Power
     
Number of  
       
Shares (8)   Shared Voting Power
Beneficially    
Owned by   10,538,888
       
Each (9)   Sole Dispositive Power
Reporting    
Person  
       
With (10)   Shared Dispositive Power
     
    10,538,888
     
(11)   Aggregate Amount Beneficially Owned by each Reporting Person
   
  10,538,888
     
(12)   Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
   
  o
     
(13)   Percent of Class Represented by Amount in Row (11)
   
  16.5
     
(14)   Type of Reporting Person (See Instructions)
   
  CO

9


 

                     
CUSIP No.
 
003687100 
13D Page  
10 
  of   
46 
 Pages

 

           
(1)   Name of Reporting Person

ODYSSEY AMERICA REINSURANCE CORPORATION
     
     
(2)   Check the Appropriate Box if a Member of a Group

  (a)   o 
  (b)   þ 
     
(3)   SEC Use Only
   
   
     
(4)   Source of Funds
   
  OO
     
(5)   Check box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e).
   
  o
     
(6)   Citizenship or Place of Organization
   
  Connecticut
       
  (7)   Sole Voting Power
     
Number of  
       
Shares (8)   Shared Voting Power
Beneficially    
Owned by   10,538,888
       
Each (9)   Sole Dispositive Power
Reporting    
Person  
       
With (10)   Shared Dispositive Power
     
    10,538,888
     
(11)   Aggregate Amount Beneficially Owned by each Reporting Person
   
  10,538,888
     
(12)   Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
   
  o
     
(13)   Percent of Class Represented by Amount in Row (11)
   
  16.5
     
(14)   Type of Reporting Person (See Instructions)
   
  CO

10


 

                     
CUSIP No.
 
003687100 
13D Page  
11 
  of   
46 
 Pages

 

           
(1)   Name of Reporting Person

NORTHBRIDGE FINANCIAL CORPORATION
     
     
(2)   Check the Appropriate Box if a Member of a Group

  (a)   o 
  (b)   þ 
     
(3)   SEC Use Only
   
   
     
(4)   Source of Funds
   
  OO
     
(5)   Check box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e).
   
  o
     
(6)   Citizenship or Place of Organization
   
  Canada
       
  (7)   Sole Voting Power
     
Number of  
       
Shares (8)   Shared Voting Power
Beneficially    
Owned by   7,587,999
       
Each (9)   Sole Dispositive Power
Reporting    
Person  
       
With (10)   Shared Dispositive Power
     
    7,587,999
     
(11)   Aggregate Amount Beneficially Owned by each Reporting Person
   
  7,587,999
     
(12)   Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
   
  o
     
(13)   Percent of Class Represented by Amount in Row (11)
   
  12.5
     
(14)   Type of Reporting Person (See Instructions)
   
  CO

11


 

                     
CUSIP No.
 
003687100 
13D Page  
12 
  of   
46 
 Pages

 

           
(1)   Name of Reporting Person

MARKEL INSURANCE COMPANY OF CANADA
     
     
(2)   Check the Appropriate Box if a Member of a Group

  (a)   o 
  (b)   þ 
     
(3)   SEC Use Only
   
   
     
(4)   Source of Funds
   
  OO
     
(5)   Check box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e).
   
  o
     
(6)   Citizenship or Place of Organization
   
  Canada
       
  (7)   Sole Voting Power
     
Number of  
       
Shares (8)   Shared Voting Power
Beneficially    
Owned by   1,190,894
       
Each (9)   Sole Dispositive Power
Reporting    
Person  
       
With (10)   Shared Dispositive Power
     
    1,190,894
     
(11)   Aggregate Amount Beneficially Owned by each Reporting Person
   
  1,190,894
     
(12)   Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
   
  o
     
(13)   Percent of Class Represented by Amount in Row (11)
   
  2.2
     
(14)   Type of Reporting Person (See Instructions)
   
  CO

12


 

                     
CUSIP No.
 
003687100 
13D Page  
13 
  of   
46 
 Pages

 

           
(1)   Name of Reporting Person

COMMONWEALTH INSURANCE COMPANY
     
     
(2)   Check the Appropriate Box if a Member of a Group

  (a)   o 
  (b)   þ 
     
(3)   SEC Use Only
   
   
     
(4)   Source of Funds
   
  OO
     
(5)   Check box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e).
   
  o
     
(6)   Citizenship or Place of Organization
   
  Canada
       
  (7)   Sole Voting Power
     
Number of  
       
Shares (8)   Shared Voting Power
Beneficially    
Owned by   1,844,305
       
Each (9)   Sole Dispositive Power
Reporting    
Person  
       
With (10)   Shared Dispositive Power
     
    1,844,305
     
(11)   Aggregate Amount Beneficially Owned by each Reporting Person
   
  1,844,305
     
(12)   Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
   
  o
     
(13)   Percent of Class Represented by Amount in Row (11)
   
  3.3
     
(14)   Type of Reporting Person (See Instructions)
   
  CO

13


 

                     
CUSIP No.
 
003687100 
13D Page  
14 
  of   
46 
 Pages

 

           
(1)   Name of Reporting Person

FEDERATED INSURANCE COMPANY OF CANADA
     
     
(2)   Check the Appropriate Box if a Member of a Group

  (a)   o 
  (b)   þ 
     
(3)   SEC Use Only
   
   
     
(4)   Source of Funds
   
  OO
     
(5)   Check box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e).
   
  o
     
(6)   Citizenship or Place of Organization
   
  Canada
       
  (7)   Sole Voting Power
     
Number of  
       
Shares (8)   Shared Voting Power
Beneficially    
Owned by   653,411
       
Each (9)   Sole Dispositive Power
Reporting    
Person  
       
With (10)   Shared Dispositive Power
     
    653,411
     
(11)   Aggregate Amount Beneficially Owned by each Reporting Person
   
  653,411
     
(12)   Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
   
  o
     
(13)   Percent of Class Represented by Amount in Row (11)
   
  1.2
     
(14)   Type of Reporting Person (See Instructions)
   
  CO

14


 

                     
CUSIP No.
 
003687100 
13D Page  
15 
  of   
46 
 Pages

 

           
(1)   Name of Reporting Person

LOMBARD GENERAL INSURANCE COMPANY OF CANADA
     
     
(2)   Check the Appropriate Box if a Member of a Group

  (a)   o 
  (b)   þ 
     
(3)   SEC Use Only
   
   
     
(4)   Source of Funds
   
  OO
     
(5)   Check box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e).
   
  o
     
(6)   Citizenship or Place of Organization
   
  Canada
       
  (7)   Sole Voting Power
     
Number of  
       
Shares (8)   Shared Voting Power
Beneficially    
Owned by   3,899,388
       
Each (9)   Sole Dispositive Power
Reporting    
Person  
       
With (10)   Shared Dispositive Power
     
    3,899,388
     
(11)   Aggregate Amount Beneficially Owned by each Reporting Person
   
  3,899,388
     
(12)   Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
   
  o
     
(13)   Percent of Class Represented by Amount in Row (11)
   
  6.8
     
(14)   Type of Reporting Person (See Instructions)
   
  CO

15


 

                     
CUSIP No.
 
003687100 
13D Page  
16 
  of   
46 
 Pages

 

           
(1)   Name of Reporting Person

LOMBARD INSURANCE COMPANY
     
     
(2)   Check the Appropriate Box if a Member of a Group

  (a)   o 
  (b)   þ 
     
(3)   SEC Use Only
   
   
     
(4)   Source of Funds
   
  OO
     
(5)   Check box if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e).
   
  o
     
(6)   Citizenship or Place of Organization
   
  Canada
       
  (7)   Sole Voting Power
     
Number of  
       
Shares (8)   Shared Voting Power
Beneficially    
Owned by   526,944
       
Each (9)   Sole Dispositive Power
Reporting    
Person  
       
With (10)   Shared Dispositive Power
     
    526,944
     
(11)   Aggregate Amount Beneficially Owned by each Reporting Person
   
  526,944
     
(12)   Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
   
  o
     
(13)   Percent of Class Represented by Amount in Row (11)
   
  1.0
     
(14)   Type of Reporting Person (See Instructions)
   
  CO

16


 

     This Amendment No. 2 amends the Schedule 13D filed with the Securities and Exchange Commission on April 11, 2008 by V. Prem Watsa, 1109519 Ontario Limited, The Sixty Two Investment Company Limited, 810679 Ontario Limited, Fairfax Financial Holdings Limited, TIG Insurance Company, The North River Insurance Company, OdysseyRe Holdings Corp., Odyssey America Reinsurance Corporation, Northbridge Financial Corporation, Markel Insurance Company of Canada, Commonwealth Insurance Company, Federated Insurance Company of Canada, Lombard General Insurance Company of Canada and Lombard Insurance Company (collectively, the “Reporting Persons”), as amended by Amendment No. 1 to the Schedule 13D filed by the Reporting Persons on October 17, 2008.
     Amendment No. 1 to the Schedule 13D related to the election by AbitibiBowater Inc. (“AbitibiBowater”), pursuant to the terms of the Notes (as defined below), to pay interest on the Notes on the October 15, 2008 interest payment date entirely by increasing the principal amount of the Notes in lieu of paying cash interest on the Notes.
     This Amendment No. 2 to the Schedule 13D is being filed to report that Fairfax Financial Holdings Limited has entered into a Support Agreement (as defined in Item 6 herein) and a Firm Commitment Agreement (as defined in Item 6 herein) related to AbitibiBowater’s recapitalization proposal with respect to its Abitibi-Consolidated Inc. (“ACI”) subsidiary.
     The following amendments to Items 4, 6 and 7 of the Schedule 13D are hereby made:
Item 4. Purpose of Transaction
          Item 4 of the Schedule 13D is hereby amended in its entirety to read as follows:
          “The Notes were acquired for investment purposes.
          The Reporting Persons have the following plans and proposals:
          (a) Except as described herein, the Reporting Persons currently do not intend to acquire or dispose of securities of AbitibiBowater, but may formulate plans to do so in the future. The Reporting Persons intend to review, on a continuous basis, various factors related to their direct or indirect investment, as the case may be, in AbitibiBowater, including the price and availability of the securities of AbitibiBowater, subsequent developments affecting AbitibiBowater’s business, other investment and business opportunities available to the Reporting Persons and general market and economic conditions. Based upon these and other factors, the Reporting Persons may decide to purchase additional securities of AbitibiBowater or may decide in the future to sell all or part of their investment in AbitibiBowater. See Item 6 herein;
          (b) Except as described herein, the Reporting Persons have no plans or proposals to cause AbitibiBowater to enter into any extraordinary corporate transaction, such as a merger, reorganization or liquidation of AbitibiBowater or any of its subsidiaries. See Item 6 herein;
          (c) The Reporting Persons have no plans or proposals to cause AbitibiBowater or any of its subsidiaries to sell or transfer a material amount of assets;

17


 

          (d) Except as described herein, the Reporting Persons have no plans or proposals which would result in a change in the present board of directors or management of AbitibiBowater, whether through a change in the number or term of directors or otherwise. Under the terms of the Purchase Agreement dated as of March 24, 2008 between Fairfax and AbitibiBowater, Fairfax was granted the right to appoint two directors to the board of directors of AbitibiBowater, and pursuant thereto Fairfax has caused two of its designees to be appointed to the board;
          (e) Except as described herein, the Reporting Persons have no plans to make any material change in the present capitalization or dividend policy of AbitibiBowater. See Item 6 herein;
          (f) The Reporting Persons have no plans or proposals to cause AbitibiBowater to make any other material change in its business or corporate structure;
          (g) Except as described herein, the Reporting Persons have no plans or proposals to cause AbitibiBowater to change its certificate of incorporation or bylaws or to take other actions which may impede the acquisition of control of AbitibiBowater by any person. See Item 6 herein;
          (h) The Reporting Persons have no plans or proposals to cause any class of securities of AbitibiBowater to be delisted from any securities exchange or cease to be authorized to be quoted in an inter-dealer quotation system;
          (i) The Reporting Persons have no plans or proposals to cause any class of equity securities of AbitibiBowater to become eligible for termination of registration pursuant to Section 12(g) of the Exchange Act; and
          (j) The Reporting Persons have no plans or proposals to take any actions similar to those enumerated above.”
Item 6.   Contracts, Arrangements, Understandings or Relationships with respect to Securities of the Issuer
          Item 6 of the Schedule 13D is hereby amended by the addition of the following to the end thereof:
“Firm Commitment Agreement and Support Agreement
          On March 13, 2009, Fairfax entered into a Firm Commitment Agreement and a Support Agreement in connection with a recapitalization proposal (the “Recapitalization”) commenced by AbitibiBowater and ACI, which Recapitalization proposal includes:
    (a) the conversion of $2.9 billion of outstanding unsecured debt securities (the “ACI Notes”) originally issued by either Abitibi-Consolidated Finance L.P. (“ACFLP”), ACI or Abitibi-Consolidated Company of Canada (“ACCC”) (each of ACFLP, ACI and ACCC is a direct or indirect wholly-owned subsidiary of AbitibiBowater), into (i) new notes consisting of approximately $321 million aggregate principal amount of 12.5%

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      First Lien Notes due March 31, 2014 (the “First Lien Notes”) and approximately $810 million aggregate principal amount of 11% Second Lien Notes due June 30, 2014, (ii) an aggregate of approximately 86.7 million Shares and (iii) an aggregate of approximately 230.7 million warrants to purchase Shares (divided among warrants to purchase Shares at an exercise price of $1.00 per Share with a term of 18 months (the “Series A Warrants”), warrants to purchase Shares at an exercise price of $1.25 per Share with a term of 30 months (the “Series B Warrants”) and warrants to purchase Shares at an exercise price of $1.50 per Share with a term of five years (the “Series C Warrants” and together with the Series A Warrants, Series B Warrants and Series D Warrants (as defined below), the “Warrants”)) and (b) the satisfaction of accrued and unpaid interest up to and including April 1, 2009 for the ACI Notes through the issuance of additional First Lien Notes;
 
    a concurrent private offering (the “Concurrent Offering”) of approximately $389 million of First Lien Notes and 222.2 million warrants to purchase Shares at an exercise price of $1.25 per Share with a term of five years (the “Series D Warrants”), for an aggregate purchase price of approximately $350 million, to investors who qualify as qualified institutional buyers in the U.S. or accredited investors in Canada;
 
    the repayment in full of ACCC’s $413 million 13.75% Senior Secured Notes due 2011, and any accrued and unpaid interest thereon; and
 
    interest accrued but not paid as well as a portion of the principal outstanding under ACCC’s existing 364-day term loan facility due March 30, 2009 will be repaid in cash such that the principal amount outstanding will be reduced to $200 million and the maturity date will be extended to March 31, 2012.
          The Recapitalization is proposed to be implemented as part of a plan of arrangement (the “Plan”), which was filed in connection with an application for an interim order with the Commercial Division of the Superior Court of Quebec in Montreal (the “Court”) on March 13, 2009 pursuant to section 192 of the Canada Business Corporations Act. The Court granted an interim order on March 13, 2009, which included a stay of proceedings in favor of ACI and certain of its affiliates.
               The Recapitalization is subject to the following conditions, among others: (i) the Court shall have granted the final order approving the Plan; (ii) no Material Adverse Effect shall have occurred since the effective date of the Support Agreement (“Material Adverse Effect” means a material adverse change in the business operations of ACI and Donohue Corp., an indirect wholly-owned subsidiary of AbitibiBowater (“Donohue”), and its subsidiaries (taken as a whole) or the financial condition of AbitibiBowater on a consolidated basis or of ACI and Donohue and its subsidiaries (taken as a whole) subject to certain exceptions); (iii) all required material consents and material waivers of third parties to the consummation of the Recapitalization shall have been obtained; (iv) the completion of the sale of ACCC’s 60% interest in Manicouagan Power Company resulting in gross proceeds of at least CDN$615 million; (v) completion of the previously announced by AbitibiBowater exchange offers, notes offering and private placement by AbitibiBowater’s subsidiaries, Bowater

19


 

Incorporated, Bowater Canada Finance Corporation and Bowater Finance II LLC; (vi) the closing of the Concurrent Offering resulting in gross proceeds of $350 million; and (vii) the completion of the amendment of AbitibiBowater’s 8.0% Convertible Notes due 2013 into $190.0 million of new convertible notes of AbitibiBowater which will be convertible for Shares at a price of $1.75 per Share and mature on September 30, 2014.
Firm Commitment Agreement
               In connection with the Recapitalization proposal, AbitibiBowater, ACI and ACCC entered into a firm commitment agreement (the “Firm Commitment Agreement”) with Fairfax. As part of the Concurrent Offering, Fairfax has provided a binding commitment to subscribe for an aggregate of $100 million of First Lien Notes and 63.5 million Series D Warrants as part of the Concurrent Offering. In consideration for this commitment, Fairfax will receive a commitment fee equal to $50 of First Lien Notes and 53.895 Series A Warrants, 53.895 Series B Warrants and 53.895 Series C Warrants for each $1,000 of committed amount, which fee will be paid only in the event the Recapitalization is completed.
               Fairfax’s obligations under the Firm Commitment Agreement shall terminate upon the earlier of: (i) the termination of the Support Agreement or (ii) June 30, 2009.
Support Agreement
               In connection with the Recapitalization proposal, AbitibiBowater, ACI, ACCC and ACFLP (collectively, the “Companies”) entered into a support agreement (the “Support Agreement”) with Fairfax and certain other noteholders (each a “Consenting Noteholder”).
          Pursuant to the Support Agreement, each Consenting Noteholder agreed, among other things, that until June 30, 2009, such Consenting Noteholder: (i) will not solicit or enter into any transactions with respect to refinancing, recapitalizing and/or restructuring the Companies other than the Recapitalization and the Plan; (ii) will support the Plan and the Recapitalization by, among other things (a) voting in favor of the Plan, (b) abstaining from any act that would frustrate or hinder consummation of the Plan or Recapitalization and (c) consenting to any reasonable requests by the Companies for a temporary waiver of any Identified Events of Default (as defined in the Support Agreement). In addition, each Consenting Noteholder agreed that such Consenting Noteholder: (i) will vote any and all Shares beneficially owned by it in favor of the approval of the increase of the authorized capital of AbitibiBowater to a sufficient number of Shares required to satisfy the exercise and conversion privileges of the Warrants and the new convertible notes at the first meeting of stockholders of AbitibiBowater held for such purpose and at each subsequent meeting until approved; and (ii) shall not sell or otherwise transfer any Shares, or securities convertible into or exchangeable or exerciseable for Shares, which it owns (or subsequently acquires), directly or indirectly or has actual control or direction over until the earlier of (a) the day after the shareholder meeting of AbitibiBowater pursuant to which the authorized number of Shares in the capital of AbitibiBowater is increased to a sufficient number of Shares required to satisfy the exercise and

20


 

conversion priviledges of the Warrants and the new convertible notes, and (b) December 31, 2009.
               The obligations of each Consenting Noteholder under its Support Agreement shall terminate upon the earlier of: (i) the failure to file the Plan with the Court on or before May 31, 2009; (ii) the implementation of the Plan; (iii) the date any of the Companies enter into a written agreement with respect to an alternative transaction; (iv) written notice from a Consenting Noteholder to the Companies, in the event of a material breach by the Companies of any representation, warranty, covenant or other obligation provided for in the Support Agreement or any other material agreement directly relating to the Recapitalization, which breach is not cured within five days after such Consenting Noteholder has notified the Companies of its intent to terminate the Support Agreement pursuant to the termination provision of the Support Agreement; (v) the date upon which a Consenting Noteholder’s Firm Commitment Agreement and/or backstop agreement, if any, terminates (provided that in the case of a termination pursuant to (iv) and (v) above, the Support Agreement shall terminate only as between such Consenting Noteholder and the Companies); (vi) the commencement of a voluntary or involuntary case or proceeding by or against any of the Companies under any applicable Federal or State bankruptcy, insolvency, reorganization or other similar law, or the filing by it of a petition or answer or consent seeking reorganization or relief under any applicable Federal or State law, or the consent by it to the filing of such petition or to the appointment of or taking possession by a custodian, receiver or similar official of the Companies or of any substantial part of its property, or the making by it of an assignment for the benefit of creditors, or the admission by it in writing of its inability to pay its debts generally as they become due, or the taking of corporate action by any of the Companies in furtherance of any such action; and (vii) June 30, 2009.
          The descriptions in this Item 6 of the Support Agreement and the Firm Commitment Agreement are qualified in their entirety by reference to the Support Agreement and the Firm Commitment Agreement that have been filed as Exhibits to this Schedule 13D.”
Item 7. Material to be filed as Exhibits
          Item 7 of the Schedule 13D is hereby amended by the addition of the following exhibits to the end thereof:
     
Ex. 2.1
  Joint filing agreement dated as of March 23, 2009 among V. Prem Watsa, 1109519 Ontario Limited, The Sixty Two Investment Company Limited, 810679 Ontario Limited, Fairfax Financial Holdings Limited, TIG Insurance Company, The North River Insurance Company, Odyssey Re Holdings Corp., Odyssey America Reinsurance Corporation, Northbridge Financial Corporation, Markel Insurance Company of Canada, Commonwealth Insurance Company, Federated Insurance Company of Canada, Lombard General Insurance Company of Canada, and Lombard Insurance Company.
 
   
Ex. 2.2
  Firm Commitment Agreement (incorporated by reference to Exhibit 10.1 of the Current Report on Form 8-K of AbitibiBowater filed with

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  the Commission on March 19, 2009).
 
   
Ex. 2.3
  Support Agreement (incorporated by reference to Exhibit 99.1 of the Current Report on Form 8-K of AbitibiBowater filed with the Commission on March 19, 2009).

22


 

SIGNATURES
          After reasonable inquiry and to the best knowledge and belief of the undersigned, such person certifies that the information set forth in this statement with respect to such person is true, complete and correct.
          IN WITNESS WHEREOF, the undersigned have executed this instrument as of the 23rd day of March, 2009.
         
  V. PREM WATSA
 
 
  /s/ V. Prem Watsa    
     
  1109519 ONTARIO LIMITED   
     
  By:   /s/ V. Prem Watsa    
    Name:   V. Prem Watsa   
    Title:   President   
 
  THE SIXTY TWO INVESTMENT COMPANY LIMITED
 
 
  By:   /s/ V. Prem Watsa    
    Name:   V. Prem Watsa   
    Title:   President   
 
  810679 ONTARIO LIMITED
 
 
  By:   /s/ V. Prem Watsa    
    Name:   V. Prem Watsa   
    Title:   President   

 


 

         
         
  FAIRFAX FINANCIAL HOLDINGS LIMITED
 
 
  By:   /s/ Paul Rivett    
    Name:   Paul Rivett   
    Title:   Vice President   
 
  TIG INSURANCE COMPANY
 
 
  By:   /s/ Nicholas C. Bentley    
    Name:   Nicholas C. Bentley   
    Title:   President and Chief Executive Officer   
 
  THE NORTH RIVER INSURANCE COMPANY
 
 
  By:   /s/ Paul Bassaline    
    Name:   Paul Bassaline   
    Title:   Vice President   
 
  ODYSSEY RE HOLDINGS CORP.
 
 
  By:   /s/ Donald L. Smith    
    Name:   Donald L. Smith   
    Title:   Senior Vice President   

 


 

         
         
  ODYSSEY AMERICA REINSURANCE CORPORATION
 
 
  By:   /s/ Donald L. Smith    
    Name:   Donald L. Smith   
    Title:   Senior Vice President   
 
  NORTHBRIDGE FINANCIAL CORPORATION.
 
 
  By:   /s/ Craig Pinnock    
    Name:   Craig Pinnock   
    Title:   Chief Financial Officer   
 
  MARKEL INSURANCE COMPANY OF CANADA
 
 
  By:   /s/ Craig Pinnock    
    Name:   Craig Pinnock   
    Title:   Director   
 
  COMMONWEALTH INSURANCE COMPANY
 
 
  By:   /s/ Craig Pinnock    
    Name:   Craig Pinnock   
    Title:   Director   

 


 

         
         
  FEDERATED INSURANCE COMPANY OF CANADA
 
 
  By:   /s/ Craig Pinnock    
    Name:   Craig Pinnock   
    Title:   Director   
 
  LOMBARD GENERAL INSURANCE COMPANY OF CANADA
 
 
  By:   /s/ Craig Pinnock    
    Name:   Craig Pinnock   
    Title:   Director  
 
  LOMBARD INSURANCE COMPANY
 
 
  By:   /s/ Craig Pinnock    
    Name:   Craig Pinnock   
    Title:   Director   

 


 

         
Annex Index
     
Annex   Description
 
   
A
  Directors and Executive Officers of 1109519 Ontario Limited
 
   
B
  Directors and Executive Officers of The Sixty Two Investment Company Limited
 
   
C
  Directors and Executive Officers of 810679 Ontario Limited
 
   
D
  Directors and Executive Officers of Fairfax Financial Holdings Limited
 
   
E
  Directors and Executive Officers of TIG Insurance Company
 
   
F
  Directors and Executive Officers of The North River Insurance Company
 
   
G
  Directors and Executive Officers of Odyssey Re Holdings Corp.
 
   
H
  Directors and Executive Officers of Odyssey America Reinsurance Corporation
 
   
I
  Directors and Executive Officers of Northbridge Financial Corporation
 
   
J
  Directors and Executive Officers of Markel Insurance Company of Canada
 
   
K
  Directors and Executive Officers of Commonwealth Insurance Company
 
   
L
  Directors and Executive Officers of Federated Insurance Company of Canada
 
   
M
  Directors and Executive Officers of Lombard General Insurance Company of Canada
 
   
N
  Directors and Executive Officers of Lombard Insurance Company

27


 

ANNEX A
DIRECTORS AND EXECUTIVE OFFICERS OF
1109519 ONTARIO LIMITED
          The following table sets forth certain information with respect to the directors and executive officers of 1109519 Ontario Limited.
         
    Present Principal Occupation or    
    Employment and the Name, Principal    
    Business and Address of any    
    Corporation or other Organization in    
Name   which such employment is conducted   Citizenship
 
       
V. Prem Watsa
(President and Director)
  Chairman and Chief Executive Officer,
Fairfax Financial Holdings Limited
95 Wellington Street West
Suite 800
Toronto, Ontario M5J 2N7
  Canadian
 
       
Eric P. Salsberg
(Assistant Secretary and Director)
  Vice President, Corporate Affairs,
Fairfax Financial Holdings Limited
  Canadian

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ANNEX B
DIRECTORS AND EXECUTIVE OFFICERS OF
THE SIXTY TWO INVESTMENT COMPANY LIMITED
          The following table sets forth certain information with respect to the directors and executive officers of The Sixty Two Investment Company Limited.
         
    Present Principal Occupation or    
    Employment and the Name, Principal    
    Business and Address of any    
    Corporation or other Organization in    
Name   which such employment is conducted   Citizenship
 
       
V. Prem Watsa
(President and Director)
  Chairman and Chief Executive Officer,
Fairfax Financial Holdings Limited
95 Wellington Street West
Suite 800
Toronto, Ontario M5J 2N7
  Canadian
 
       
Eric P. Salsberg
(Assistant Secretary and Director)
  Vice President, Corporate Affairs,
Fairfax Financial Holdings Limited
  Canadian

29


 

ANNEX C
DIRECTORS AND EXECUTIVE OFFICERS OF
810679 ONTARIO LIMITED
          The following table sets forth certain information with respect to the directors and executive officers of 810679 Ontario Limited.
         
    Present Principal Occupation or    
    Employment and the Name, Principal    
    Business and Address of any    
    Corporation or other Organization in    
Name   which such employment is conducted   Citizenship
 
       
V. Prem Watsa
(President and Director)
  Chairman and Chief Executive Officer,
Fairfax Financial Holdings Limited
95 Wellington Street West
Suite 800
Toronto, Ontario M5J 2N7
  Canadian
 
       
Eric P. Salsberg
(Assistant Secretary and Director)
  Vice President, Corporate Affairs,
Fairfax Financial Holdings Limited
  Canadian

30


 

ANNEX D
DIRECTORS AND EXECUTIVE OFFICERS OF
FAIRFAX FINANCIAL HOLDINGS LIMITED
          The following table sets forth certain information with respect to the directors and executive officers of Fairfax Financial Holdings Limited.
         
    Present Principal Occupation or    
    Employment and the Name, Principal    
    Business and Address of any Corporation    
    or other Organization in which such    
Name   employment is conducted   Citizenship
 
       
V. Prem Watsa
  Chairman and Chief Executive Officer,   Canadian
(Chairman and Chief Executive Officer)
  Fairfax Financial Holdings Limited    
 
  95 Wellington Street West    
 
  Suite 800    
 
  Toronto, Ontario M5J 2N7    
 
       
Anthony Griffiths
  Independent Business Consultant   Canadian
(Director)
  Toronto, Ontario, Canada    
 
       
Robert Gunn
  Independent Business Consultant   Canadian
(Director)
  Toronto, Ontario, Canada    
 
       
David Johnston
  President and Vice-Chancellor,   Canadian
(Director)
  University of Waterloo    
 
  St. Clements, Ontario, Canada    
 
       
Brandon W. Sweitzer
  Senior Advisor to the President of the   United States
(Director)
  Chamber of Commerce of The United States    
 
  1615 H Street, NW    
 
  Washington, DC 20062    
 
       
Paul Murray
  President, Pine Smoke Investments   Canadian
(Director)
  Toronto, Ontario Canada    
 
       
Alan D. Horn
  Chairman, Rogers Communications Inc. and   Canadian and
(Director)
  President and Chief Executive Officer,   United Kingdom
 
  Rogers Telecommunications Limited    
 
  Toronto, Ontario, Canada    
 
       
Greg Taylor
  Vice President and Chief   Canadian
(Vice President and Chief Financial
  Financial Officer,    
Officer)
  Fairfax Financial Holdings Limited    

31


 

         
    Present Principal Occupation or    
    Employment and the Name, Principal    
    Business and Address of any Corporation    
    or other Organization in which such    
Name   employment is conducted   Citizenship
 
       
Eric P. Salsberg
  Vice President, Corporate Affairs,   Canadian
(Vice President, Corporate Affairs)
  Fairfax Financial Holdings Limited    
 
       
Paul Rivett
  Vice President, Chief Legal Officer,   Canadian
(Vice President, Chief Legal Officer)
  Fairfax Financial Holdings Limited    
 
       
Bradley P. Martin
  Vice President, Chief Operating Officer and   Canadian
(Vice President, Chief Operating
  Corporate Secretary,    
Officer and Corporate Secretary)
  Fairfax Financial Holdings Limited    

32


 

ANNEX E
DIRECTORS AND EXECUTIVE OFFICERS OF
TIG INSURANCE COMPANY
          The following table sets forth certain information with respect to the directors and executive officers of TIG Insurance Company.
         
    Present Principal Occupation or    
    Employment and the Name, Principal    
    Business and Address of any Corporation    
    or other Organization in which such    
Name   employment is conducted   Citizenship
 
       
Nicholas C. Bentley
  Chairman, Chief Executive Officer, President and Director,   United Kingdom
(Chairman, Chief Executive Officer,
  TIG Insurance Company    
President and Director)
  250 Commercial St.    
  Suite 5000    
  Manchester, New Hampshire 03101    
 
       
Charles G. Ehrlich
  Senior Vice President, Secretary and General Counsel,   United States
(Senior Vice President and Director)
  Riverstone Claims Management LLC    
  250 Commercial Street, Suite 5000    
  Manchester, NH 03101    
 
       
John M. Parker
  Senior Vice President,   United States
(Senior Vice President and Director)
  TIG Insurance Company    
 
       
John J. Bator
  Senior Vice President, Chief Financial Officer and Director,   United States
(Senior Vice President, Chief
  TIG Insurance Company    
Financial Officer and Director)
     
 
       
Frank DeMaria
  Senior Vice President,   United States
(Senior Vice President and Director)
  TIG Insurance Company    

33


 

ANNEX F
DIRECTORS AND EXECUTIVE OFFICERS OF
THE NORTH RIVER INSURANCE COMPANY
          The following table sets forth certain information with respect to the directors and executive officers of North River Insurance Company.
         
    Present Principal Occupation or    
    Employment and the Name, Principal    
    Business and Address of any Corporation    
    or other Organization in which such    
Name   employment is conducted   Citizenship
 
       
Douglas M. Libby
  President and Chief Executive Officer,   United States
(President, Chief Executive Officer,
  Crum & Forster Holdings Corp. and various other    
Chairman and Director)
  insurance subsidiaries,    
  305 Madison Avenue    
  Morristown, NJ 07962    
 
       
Mary Jane Robertson
  Executive Vice President, Chief Financial Officer   United States
(Executive Vice President, Chief Financial
  and Treasurer,    
Officer, Treasurer and Director)
  Crum & Forster Holdings Corp. and various other    
  insurance subsidiaries,    
  305 Madison Avenue    
  Morristown, NJ 07962    
 
       
Dennis J. Hammer
  Senior Vice President and Controller,   United States
(Senior Vice President, Controller and
  United States Fire Insurance Company,    
Director)
  305 Madison Avenue    
  Morristown, NJ 07962    
       

34


 

ANNEX G
DIRECTORS AND EXECUTIVE OFFICERS OF
ODYSSEY RE HOLDINGS CORP.
          The following table sets forth certain information with respect to the directors and executive officers of Odyssey Re Holdings Corp.
         
    Present Principal Occupation or    
    Employment and the Name, Principal    
    Business and Address of any Corporation    
    or other Organization in which such    
Name   employment is conducted   Citizenship
 
       
V. Prem Watsa
  Chairman and Chief Executive Officer,   Canadian
(Chairman)
  Fairfax Financial Holdings Limited    
 
  95 Wellington Street West    
 
  Suite 800    
 
  Toronto, Ontario M5J 2N7    
 
       
James F. Dowd
  President and Chief Executive Officer,   United States
(Vice Chairman)
  Fairfax Inc.    
 
  305 Madison Avenue    
 
  Morristown, NJ 07962    
 
       
Andrew Barnard
  President, Chief Executive Officer, and Director   United States
(President, Chief Executive Officer and
  Odyssey Re Holdings Corp.    
Director)
  300 First Stamford Place,    
 
  Stamford, Connecticut 06902    
 
       
Michael G. Wacek
  Executive Vice President,   United States
(Executive Vice President)
  Odyssey Re Holdings Corp.    
 
       
R. Scott Donovan
  Executive Vice President and Chief Financial Officer,   United States
(Executive Vice President and Chief
  Odyssey Re Holdings Corp.    
Financial Officer)
     
       
 
       
Anthony J. Narciso, Jr.
  Senior Vice President and Controller,   United States
(Senior Vice President and Controller)
  Odyssey Re Holdings Corp.    

35


 

         
    Present Principal Occupation or    
    Employment and the Name, Principal    
    Business and Address of any Corporation    
    or other Organization in which such    
Name   employment is conducted   Citizenship
 
       
Donald L. Smith
  Senior Vice President,   United States
(Senior Vice President, General Counsel
  General Counsel and Corporate Secretary,    
and Corporate Secretary)
  Odyssey Re Holdings Corp.    
       
 
       
Peter M. Bennett
  Deputy Chairman,   Canadian
(Director)
  Aon Re Canada    
 
  150 King Street West    
 
  Suite 1900    
 
  Toronto, Ontario M5H 1J9    
 
       
Anthony F. Griffiths
  Independent Consultant and Corporate   Canadian
(Director)
  Director,    
 
  95 Wellington Street West    
 
  Suite 800    
 
  Toronto, Ontario M5J 2N7    
 
       
Patrick W. Kenny
  President and Chief Executive Officer,   United States
(Director)
  International Insurance Society    
 
  101 Murray Street    
 
  New York, NY 10007    
 
       
Brandon W. Sweitzer
  Senior Advisor to the President of the   United States
(Director)
  Chamber of Commerce of the United States    
 
  1615 H Street, NW    
 
  Washington, DC 20062    
 
       
Bradley P. Martin
  Vice President, Chief Operating Officer   Canadian
(Director)
  and Corporate Secretary,    
 
  Fairfax Financial Holdings Limited    
 
       
Paul M. Wolff
  Partner,   United States
(Director)
  Williams & Connolly LLP    
 
  725 Twelfth St., N.W.    
 
  Washington, D.C. 20005    

36


 

ANNEX H
DIRECTORS AND EXECUTIVE OFFICERS OF
ODYSSEY AMERICA REINSURANCE CORPORATION
          The following table sets forth certain information with respect to the directors and executive officers of Odyssey America Reinsurance Corporation.
         
    Present Principal Occupation or    
    Employment and the Name, Principal    
    Business and Address of any Corporation    
    or other Organization in which such    
Name   employment is conducted   Citizenship
 
       
Andrew A. Barnard
  President, Chief Executive Officer, and Director   United States
(Chairman, Chief Executive Officer and
  Odyssey Re Holdings Corp.    
Director)
  300 First Stamford Place,    
 
  Stamford, Connecticut 06902    
 
       
Michael G. Wacek
  Executive Vice President,   United States
(President and Director)
  Odyssey Re Holdings Corp.    
 
       
R. Scott Donovan
  Executive Vice President and Chief Financial Officer,   United States
(Executive Vice President, Chief Financial
  Odyssey Re Holdings Corp.    
Officer and Director)
     
 
       
James E. Migliorini
  Executive Vice President,   United States
(Executive Vice President and Director)
  Odyssey America Reinsurance Corporation    
 
       
Donald L. Smith
  Senior Vice President, General Counsel and Corporate   United States
(Executive Vice President and General
  Secretary,    
Counsel and Director)
  Odyssey Re Holdings Corp.    
 
       
Brian D. Young
  Executive Vice President,   United States
(Executive Vice President and Director)
  Odyssey America Reinsurance Corporation    

 


 

ANNEX I
DIRECTORS AND EXECUTIVE OFFICERS OF
NORTHBRIDGE FINANCIAL CORPORATION
          The following table sets forth certain information with respect to the directors and executive officers of Northbridge Financial Corporation.
         
    Present Principal Occupation or    
    Employment and the Name, Principal    
    Business and Address of any Corporation    
    or other Organization in which such    
Name   employment is conducted   Citizenship
 
       
V. Prem Watsa
  Chairman and Chief Executive Officer, Fairfax   Canadian
(Chairman)
  Financial Holdings Limited    
 
  95 Wellington Street West    
 
  Suite 800    
 
  Toronto, Ontario M5J 2N7    
 
       
Mark J. Ram
  President and Chief Executive Officer,   Canadian
(President and Chief Executive Officer)
  Northbridge Financial Corporation    
  105 Adelaide Street West, 7th Floor    
  Toronto, Ontario M5H 1P9    
 
       
Craig Pinnock
  Chief Financial Officer,   Canadian
(Chief Financial Officer)
  Northbridge Financial Corporation    
 
  105 Adelaide Street West, 7th Floor    
 
  Toronto, Ontario M5H 1P9    
 
       
Anthony F. Griffiths
  Independent Consultant and Corporate Director,   Canadian
(Director)
  Toronto, Ontario, Canada    
 
       
Robert J. Gunn
  Independent Business Consultant and Corporate   Canadian
(Director)
  Director    
 
  Toronto, Ontario, Canada    

 


 

         
    Present Principal Occupation or    
    Employment and the Name, Principal    
    Business and Address of any Corporation    
    or other Organization in which such    
Name   employment is conducted   Citizenship
 
       
Bradley P. Martin
  Vice President, Chief Operating Officer and Corporate   Canadian
(Director)
  Secretary,    
 
  Fairfax Financial Holdings Limited    
 
       

39


 

ANNEX J
DIRECTORS AND EXECUTIVE OFFICERS OF
MARKEL INSURANCE COMPANY OF CANADA
          The following table sets forth certain information with respect to the directors and executive officers of Markel Insurance Company of Canada.
         
    Present Principal Occupation or    
    Employment and the Name, Principal    
    Business and Address of any Corporation    
    or other Organization in which such    
Name   employment is conducted   Citizenship
 
       
Mark J. Ram
  President and Chief Executive Officer,   Canadian
(Chair)
  Northbridge Financial Corporation    
 
  105 Adelaide Street West, 7th Floor    
 
  Toronto, Ontario M5H 1P9    
 
       
Silvy Wright
  President,   Canadian
(President and Director)
  Markel Insurance Company of Canada    
 
  55 University Avenue    
 
  Suite 1500    
 
  Toronto, Ontario M5J 2H7    
 
       
Lori McDougall
  Chief Financial Officer,   Canadian
(Chief Financial Officer and Director)
  Markel Insurance Company of Canada    
  55 University Avenue    
 
  Suite 1500    
 
  Toronto, Ontario M5J 2H7    
 
       
Bryan S. Smith
  Independent Business Consultant and Corporate   Canadian
(Director)
  Director    
 
  105 Adelaide Street West, 7th Floor    
 
  Toronto, Ontario M5H 1P9    
 
       
Craig Pinnock
  Chief Financial Officer,   Canadian
(Director)
  Northbridge Financial Corporation    
 
  105 Adelaide Street West, 7th Floor    
 
  Toronto, Ontario M5H 1P9    
 
       
Robert J. Gunn
  Independent Business Consultant and Corporate   Canadian
(Director)
  Director    
 
  Toronto, Ontario, Canada    

 


 

         
    Present Principal Occupation or    
    Employment and the Name, Principal    
    Business and Address of any Corporation    
    or other Organization in which such    
Name   employment is conducted   Citizenship
 
       
Robert S. Weiss
  Independent Business Consultant and Corporate   Canadian
(Director)
  Director    
 
  105 Adelaide Street West, 7th Floor    
 
  Toronto, Ontario M5H 1P9    

41


 

ANNEX K
DIRECTORS AND EXECUTIVE OFFICERS OF
COMMONWEALTH INSURANCE COMPANY
          The following table sets forth certain information with respect to the directors and executive officers of Commonwealth Insurance Company.
         
    Present Principal Occupation or    
    Employment and the Name, Principal    
    Business and Address of any Corporation    
    or other Organization in which such    
Name   employment is conducted   Citizenship
 
       
Mark J. Ram
  President and Chief Executive Officer,   Canadian
(Chair)
  Northbridge Financial Corporation    
 
  105 Adelaide Street West, 7th Floor    
 
  Toronto, Ontario M5H 1P9    
 
       
Craig Hurford
  Vice Chair,   Canadian
(Vice Chair)
  Commonwealth Insurance Company    
 
  595 Burrard Street    
 
  Suite 1500, Box 49115 Bentall Tower III,    
 
  Vancouver, BC V7X 1G4    
 
       
Tim Ius
  President,   Canadian
(President and Director)
  Commonwealth Insurance Company    
 
  595 Burrard Street    
 
  Suite 1500, Box 49115 Bentall Tower III,    
 
  Vancouver, BC V7X 1G4    
 
       
Noel Philips
  Chief Financial Officer,   Canadian
(Chief Financial Officer and Director)
  Commonwealth Insurance Company    
  595 Burrard Street    
 
  Suite 1500, Box 49115 Bentall Tower III,    
 
  Vancouver, BC V7X 1G4    
 
       
Bryan S. Smith
  Independent Business Consultant and Corporate   Canadian
(Director)
  Director    
 
  105 Adelaide Street West, 7th Floor    
 
  Toronto, Ontario M5H 1P9    
 
       
Craig Pinnock
  Chief Financial Officer,   Canadian
(Director)
  Northbridge Financial Corporation    
 
  105 Adelaide Street West, 7th Floor    
 
  Toronto, Ontario M5H 1P9    

 


 

         
    Present Principal Occupation or    
    Employment and the Name, Principal    
    Business and Address of any Corporation    
    or other Organization in which such    
Name   employment is conducted   Citizenship
 
       
Robert J. Gunn
  Independent Business Consultant and Corporate   Canadian
(Director)
  Director    
 
  Toronto, Ontario, Canada    
 
       
Robert S. Weiss
  Independent Business Consultant and Corporate   Canadian
(Director)
  Director    
 
  105 Adelaide Street West, 7th Floor    
 
  Toronto, Ontario M5H 1P9    

43


 

ANNEX L
DIRECTORS AND EXECUTIVE OFFICERS OF
FEDERATED INSURANCE COMPANY OF CANADA
          The following table sets forth certain information with respect to the directors and executive officers of Federated Insurance Company of Canada.
         
    Present Principal Occupation or    
    Employment and the Name, Principal    
    Business and Address of any Corporation    
    or other Organization in which such    
Name   employment is conducted   Citizenship
 
       
Mark J. Ram
  President and Chief Executive Officer,   Canadian
(Chair)
  Northbridge Financial Corporation    
 
  105 Adelaide Street West, 7th Floor    
 
  Toronto, Ontario M5H 1P9    
 
       
John Paisley
  President,   Canadian
(President and Director)
  Federated Insurance Company of Canada    
 
  717 Portage Avenue    
 
  Winnipeg, Manitoba R3C 3C9    
 
       
Rick Hurlin
  Chief Financial Officer,   Canadian
(Chief Financial Officer and Director)
  Federated Insurance Company of Canada    
  717 Portage Avenue    
 
  Winnipeg, Manitoba R3C 3C9    
 
       
Bryan S. Smith
  Independent Business Consultant and Corporate   Canadian
(Director)
  Director    
 
  105 Adelaide Street West, 7th Floor    
 
  Toronto, Ontario M5H 1P9    
 
       
Craig Pinnock
  Chief Financial Officer,   Canadian
(Director)
  Northbridge Financial Corporation    
 
  105 Adelaide Street West, 7th Floor    
 
  Toronto, Ontario M5H 1P9    
 
       
Robert J. Gunn
  Independent Business Consultant and Corporate   Canadian
(Director)
  Director    
 
  Toronto, Ontario, Canada    

44


 

         
    Present Principal Occupation or    
    Employment and the Name, Principal    
    Business and Address of any Corporation    
    or other Organization in which such    
Name   employment is conducted   Citizenship
 
       
Robert S. Weiss
  Independent Business Consultant and Corporate   Canadian
(Director)
  Director    
 
  105 Adelaide Street West, 7th Floor    
 
  Toronto, Ontario M5H 1P9    

45


 

ANNEX M
DIRECTORS AND EXECUTIVE OFFICERS OF
LOMBARD GENERAL INSURANCE COMPANY OF CANADA
          The following table sets forth certain information with respect to the directors and executive officers of Lombard General Insurance Company of Canada.
         
    Present Principal Occupation or    
    Employment and the Name, Principal    
    Business and Address of any Corporation    
    or other Organization in which such    
Name   employment is conducted   Citizenship
 
       
Mark J. Ram
(Chair)
  President and Chief Executive Officer,
Northbridge Financial Corporation
105 Adelaide Street West, 7th Floor
Toronto, Ontario M5H 1P9
  Canadian
 
       
Richard Patina
(President and Director)
  President,
Lombard General Insurance Company of Canada
105 Adelaide Street West
3rd Floor
Toronto, Ontario M5H 1P9
  Canadian
 
       
Jane Gardiner-Robinson
(Chief Financial Officer and Director)
  Chief Financial Officer,
Lombard General Insurance Company of Canada
105 Adelaide Street West
3rd Floor
Toronto, Ontario M5H 1P9
  Canadian
 
       
Bryan S. Smith
(Director)
  Independent Business Consultant and Corporate
Director
105 Adelaide Street West, 7th Floor
Toronto, Ontario M5H 1P9
  Canadian
 
       
Craig Pinnock
(Director)
  Chief Financial Officer,
Northbridge Financial Corporation
105 Adelaide Street West, 7th Floor
Toronto, Ontario M5H 1P9
  Canadian

46


 

         
    Present Principal Occupation or    
    Employment and the Name, Principal    
    Business and Address of any Corporation    
    or other Organization in which such    
Name   employment is conducted   Citizenship
 
       
Robert J. Gunn
(Director)
  Independent Business Consultant and Corporate Director
Toronto, Ontario, Canada
  Canadian
 
       
Robert S. Weiss
(Director)
  Independent Business Consultant and Corporate Director
105 Adelaide Street West, 7th Floor
Toronto, Ontario M5H 1P9
  Canadian

47


 

ANNEX N
DIRECTORS AND EXECUTIVE OFFICERS OF
LOMBARD INSURANCE COMPANY
          The following table sets forth certain information with respect to the directors and executive officers of Lombard Insurance Company.
         
    Present Principal Occupation or    
    Employment and the Name, Principal    
    Business and Address of any Corporation    
    or other Organization in which such    
Name   employment is conducted   Citizenship
 
       
Mark J. Ram
(Chair)
  President and Chief Executive Officer,
Northbridge Financial Corporation
105 Adelaide Street West, 7th Floor
Toronto, Ontario M5H 1P9
  Canadian
 
       
Richard Patina
(President and Director)
  President,
Lombard General Insurance Company of Canada
105 Adelaide Street West
3rd Floor
Toronto, Ontario M5H 1P9
  Canadian
 
       
Jane Gardiner-Robinson
(Chief Financial Officer and Director)
  Chief Financial Officer,
Lombard General Insurance Company of Canada
105 Adelaide Street West
3rd Floor
Toronto, Ontario M5H 1P9
  Canadian
 
       
Bryan S. Smith
  Independent Business Consultant and Corporate Director   Canadian
(Director)
  105 Adelaide Street West, 7th Floor
Toronto, Ontario M5H 1P9
   
 
       
Craig Pinnock
(Director)
  Chief Financial Officer,
Northbridge Financial Corporation
105 Adelaide Street West, 7th Floor
Toronto, Ontario M5H 1P9
  Canadian

48


 

         
    Present Principal Occupation or    
    Employment and the Name, Principal    
    Business and Address of any Corporation    
    or other Organization in which such    
Name   employment is conducted   Citizenship
 
       
Robert J. Gunn
(Director)
  Independent Business Consultant and Corporate Director
Toronto, Ontario, Canada
  Canadian
 
       
Robert S. Weiss
  Independent Business Consultant and Corporate Director   Canadian
(Director)
  105 Adelaide Street West, 7th Floor
Toronto, Ontario M5H 1P9
   

49


 

Exhibit Index
     
Exhibit No.   Description
 
   
Ex. 2.1
  Joint filing agreement dated as of March 23, 2009 among V. Prem Watsa, 1109519 Ontario Limited, The Sixty Two Investment Company Limited, 810679 Ontario Limited, Fairfax Financial Holdings Limited, TIG Insurance Company, The North River Insurance Company, Odyssey Re Holdings Corp., Odyssey America Reinsurance Corporation, Northbridge Financial Corporation, Markel Insurance Company of Canada, Commonwealth Insurance Company, Federated Insurance Company of Canada, Lombard General Insurance Company of Canada, and Lombard Insurance Company.
 
   
Ex. 2.2
  Firm Commitment Agreement (incorporated by reference to Exhibit 10.1 of the Current Report on Form 8-K of AbitibiBowater filed with the Commission on March 19, 2009).
 
   
Ex. 2.3
  Support Agreement (incorporated by reference to Exhibit 99.1 of the Current Report on Form 8-K of AbitibiBowater filed with the Commission on March 19, 2009).

50

EX-2.1 2 o54365exv2w1.htm EX-2.1 EX-2.1
EXHIBIT 2.1
CUSIP No. 003687100
AGREEMENT CONCERNING JOINT FILING OF SCHEDULE 13D
          The undersigned agree as follows:
          (i) each of them is individually eligible to use Schedule 13D to which this Exhibit is attached, and such Schedule 13D is filed on behalf of each of them; and
          (ii) each of them is responsible for the timely filing of such Schedule 13D and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other person making the filing, unless such person knows or has reason to believe that such information is inaccurate.
          This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all of which, taken together, shall constitute one and the same instrument.
          Dated: March 23, 2009

1


 

         
  V. PREM WATSA
 
 
  /s/ V. Prem Watsa    
     
  1109519 ONTARIO LIMITED   
     
  By:   /s/ V. Prem Watsa    
    Name:   V. Prem Watsa   
    Title:   President   
 
  THE SIXTY TWO INVESTMENT COMPANY LIMITED
 
 
  By:   /s/ V. Prem Watsa    
    Name:   V. Prem Watsa   
    Title:   President   
 
  810679 ONTARIO LIMITED
 
 
  By:   /s/ V. Prem Watsa    
    Name:   V. Prem Watsa   
    Title:   President   

2


 

         
         
  FAIRFAX FINANCIAL HOLDINGS LIMITED
 
 
  By:   /s/ Paul Rivett    
    Name:   Paul Rivett   
    Title:   Vice President   
 
  TIG INSURANCE COMPANY
 
 
  By:   /s/ Nicholas C. Bentley    
    Name:   Nicholas C. Bentley   
    Title:   President and Chief Executive Officer   
 
  THE NORTH RIVER INSURANCE COMPANY
 
 
  By:   /s/ Paul Bassaline    
    Name:   Paul Bassaline   
    Title:   Vice President   
 
  ODYSSEY RE HOLDINGS CORP.
 
 
  By:   /s/ Donald L. Smith    
    Name:   Donald L. Smith   
    Title:   Senior Vice President   

3


 

         
         
  ODYSSEY AMERICA REINSURANCE CORPORATION
 
 
  By:   /s/ Donald L. Smith    
    Name:   Donald L. Smith   
    Title:   Senior Vice President   
 
  NORTHBRIDGE FINANCIAL CORPORATION.
 
 
  By:   /s/ Craig Pinnock    
    Name:   Craig Pinnock   
    Title:   Chief Financial Officer   
 
  MARKEL INSURANCE COMPANY OF CANADA
 
 
  By:   /s/ Craig Pinnock    
    Name:   Craig Pinnock   
    Title:   Director   
 
  COMMONWEALTH INSURANCE COMPANY
 
 
  By:   /s/ Craig Pinnock    
    Name:   Craig Pinnock   
    Title:   Director   

4


 

         
  FEDERATED INSURANCE COMPANY OF CANADA
 
 
  By:   /s/ Craig Pinnock    
    Name:   Craig Pinnock   
    Title:   Director   
 
  LOMBARD GENERAL INSURANCE COMPANY OF CANADA
 
 
  By:   /s/ Craig Pinnock    
    Name:   Craig Pinnock   
    Title:   Director  
 
  LOMBARD INSURANCE COMPANY
 
 
  By:   /s/ Craig Pinnock    
    Name:   Craig Pinnock   
    Title:   Director   

5

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