Catch up on the weekend's top five stories with this list compiled by The Fly: 1. In response to media reports and in accordance with Swiss disclosure requirements, Logitech International (LOGI) confirmed it was engaged in discussions with Plantronics (PLT) regarding a potential transaction. However, those discussions were terminated. In a separate statement, Plantronics also confirmed that the company is no longer engaged in discussions with Logitech regarding a potential combination. The company added that Logitech approached Plantronics regarding a potential acquisition and, consistent with the Plantronics Board's fiduciary duties, the company entered into discussions with Logitech, but those discussions have ended. 2. Campbell Soup (CPB) and Daniel Loeb's hedge fund Third Point are close to an agreement over composition of the food company's board of directors that will end a proxy contest that was due to come to a head this week, according to Reuters, citing a person familiar with the matter. Under the deal being negotiated, Third Point will have two of its nominees appointed to Campbell Soup's board and will be given a say over who will be the company's new CEO, source said. The two Third Point nominees to join Campbell Soup's board would be comScore (SCOR) president Sarah Hofstetter and former Blue Buffalo CEO Kurt Schmidt, the report added. 3. Target (TGT) plunged 11% after the company fell short of estimates for same-store sales and earnings in its third-quarter report and it is down 15.5% for the week, but is unlikely that the business is really that bad, Jack Hough wrote in the week's edition of Barron's. More likely, investors want out of retail stocks because the entire stock market has looked balky of late, the report added. Bargain hunters might want to look beyond this past week's market carnage and lock in a discount on Target stock, Hough argued. 4. Disney's (DIS) "Ralph Breaks the Internet" topped the Wednesday-Sunday chart with $84.5M from 4,017 theaters, the second-best opening of all time for the five-day corridor behind fellow Disney's blockbuster "Frozen," not adjusted for inflation. The movie earned an A- CinemaScore and sports an 86% Rotten Tomatoes score. 5. Facebook (FB), Property (SPG), Macerich (MAC), Taubman Centers (TCO), CBL (CBL), and Washington Prime (WPG) saw positive mentions in Barron's.
