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%.
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