Hmm. Not sure what happened to the link, but yes that is the section that I was referring to. It sounded strange to me as well, and I didn't have time to research it myself. There is a kernel of truth in most of these mainstream media stories, but more often than not there is oversimplification and revision of events to suit an editorial view.
Reading a news story on the web these days is like any other transaction. Caveat emptor.
I do hope S&W buys the plant though.