Why the Codan (ASX:CDA) share price will be on focus today

The Codan Limited (ASX: CDA) share price will be on focus this morning following the company’s acquisition announcement. At yesterday’s market wrap, the technology company’s shares finished the day at $15.44.

Can the Codan share price go higher?

It will be interesting to see if investors drive the company’s shares higher following its latest announcement to the ASX.

According to this morning’s release, Codan advised it has entered into an agreement to acquire Zetron, Inc. (Zetron) from JVCKenwood Corporation.

Founded in 1980, Zetron is an American company that manufactures mission-critical communication technologies. Products include…