Billabong said the 10-day exclusivity period of takeover talks would allow Sycamore to engage an "internationally recognised accounting firm to complete aconfirmatory quality of earnings analysis, typical of an acquisition debt financing".
Ms Davenport will attend a public "confirmatory hearing" on Monday when she will answer questions from the panel on professional competence and personal independence.
Our proposal is subject to the negotiation of a definitive merger agreement and our having the opportunity to conduct certain limited and confirmatory due diligence.