CINEPLEX ODEON BUYING COKE <KO> CINEMA UNIT
<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.
 Reuter
