Shares of Plantronics Inc. (PLT) - Get Report  were dropping 8.72% to $46.48 apiece.

This comes after Logitech International SA (LOGI) - Get Report backed away from the negotiating table on a deal that would have moved 100% of Plantronics under Logitech's roof for $2.2 billion. Reuters reported Friday that both companies confirmed the talks were terminated. 

Logitech investors seem to be relieved, as the stock was moving up 3.64% to $33.59 a share. 

Both companies' stock movements for the year were looking solid in the summer, solidly in the green during those months, before falling close to their early January levels shortly after. Plantronics shares hit $82.21 in July, a 58% gain for the year at that point. Logitech shares hit $49.90 on Aug. 29, a 48% year-to-date gain. Now, Plantronics is at a 4.35% loss year-to-date. Logitech's gain year-to-date is a mere 2.34%. 

TheStreet's Cyber Monday Sale: Join Jim Cramer's Investor Club and Save 66%

Join Jim Cramer's Action Alerts PLUS club for investors on Cyber Monday and enjoy our best deal of the year!

Action Alerts PLUS members enjoy:

  • A complete list of all stocks in Jim's investment portfolio, which he runs for charity.
  • E-mail alerts before Jim makes any trade for the portfolio, so that you can not only trade along with Jim, but actually place your order before he does.
  • Access to a private monthly videoconference call for club members only, in which Jim answers e-mailed questions and updates you on his latest thinking.
  • Exclusive commentary throughout every trading day from Jim and his personal team of analysts, who let you see the research that Jim uses in making his own trading decisions.

Click here for a special 66% holiday discount!