It turns out he was wrong and the fight won't be happening, according to a tweet he sent out after the press conference ended:
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Dana White I jumped the gun on Machida vs Davis. Just found out Davis is still recovering from knee surgery. Sorry about that!
Sep 27 via Twitter for iPhoneFavoriteRetweetReply
Dana's usually the first guy to say something similar to "Sorry but I can't announce a fight until we're absolutely sure" to anyone that asks. Then he goes and does it once and it turns out he was wrong. I'm sure fans in Toronto don't find it as funny as I do, because they still don't have a solid main event for the show. Is the Frank Mir vs. Antonio Rodrigo Nogueira rematch worthy of top billing? Probably not. You'd have to think Machida's a lock for that card now, but who does he fight? It seems like all the top guys are either booked, injured, or recently suffered a beatdown.
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