United Parcel Service Inc. (NYSE:UPS), the $72 billion logistics giant currently trading near its 52-week low, announced Wednesday that it has ended its plans to acquire Estafeta, citing the inability to satisfy all closing conditions required for the transaction. The decision was disclosed in a company statement included in a filing with the Securities and Exchange Commission. According to InvestingPro data, UPS stock has declined over 26% in the past six months. According to the release, the termination of the acquisition plan occurred Tuesday. No additional details regarding the specific conditions or future intentions were provided in the filing. Despite recent market challenges, UPS maintains its position as a prominent player in the Air Freight & Logistics industry, offering a substantial 7.79% dividend yield to shareholders. UPS's Class B common stock and several senior notes, including those due in 2025, 2028, and 2032, are listed on the New York Stock Exchange.