CINEPLEX ODEON BUYING COKE &lt;KO> CINEMA UNIT

  &lt;Cineplex Odeon Corp> said it agreed in
  principle to acquire the Walter Reade Organization Inc New York
  cinema chain from Coca-Cola Co's Entertainment Holdings Inc
  unit for 32.5 mln U.S. dlrs.
      Cineplex said the purchase price consisted of 22.5 mln dlrs
  cash and 652,742 Cineplex common shares. The transaction is
  subject to fulfilment of certain unspecified conditions and
  regulatory and board approvals.
      Walter Reade operates 11 screens in eight Manhattan
  locations.
  

