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.