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Cineplex Inc.

03:46 PM EST - Cineplex Inc. : announced it has entered into an agreement to purchase select theatres from Empire Theatres Limited for a cash purchase price of $200 million, subject to certain adjustments to be made at closing. The purchase includes 24 Empire theatres located in Atlantic Canada - 13 in Nova Scotia, six in New Brunswick, three in Newfoundland, and two on Prince Edward Island. Also included are two Ontario locations in Whitby and Kanata. The 26 theatres will add a total of 218 screens to the Cineplex circuit. Cineplex Inc. shares T.CGX are trading up $1.39 at $36.42.