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Culver has entered into a definitive agreement in which Unilever (rated 'A+', with a Stable Outlook) will acquire all of the outstanding shares of Alberto-Culver for $37.50 per share in cash, valuing the company at approximately $3.Links of London Snowflake Charms billion.Fitch Ratings has placed Alberto-Culver Company's (Alberto-Culver) 'BBB+' Issuer Default Rating and senior unsecured debt ratings on Rating Watch Positive following today's announcement that Alberto-Culver has entered into a definitive agreement in which Unilever (rated 'A+', with a Stable Outlook) will acquire all of the outstanding shares of Alberto-Culver for $37.50 per share in cash, valuing the company at approximately $3.7 billion. It should also be noted that today Fitch also affirmed Unilever NV's and Unilever PLC's (together Unilever) IDRs Links of London Big Apple Charm senior unsecured ratings at 'A+', respectively, and their Short-term IDR's at 'F1' following the announcement. The transaction is structured as a merger and is subject to approval by owners holding a majority of Alberto Culver's shares, regulatory approvals, and other customary closing conditions. The merger agreement was unanimously approved by the Links of London of Directors of both companies. The $37.50 per share price represents a 33% premium to Alberto Culver's 12-month volume-weighted average share price and a 19.4% premium to the closing price of $31.48 on Friday, Sept. 24, Links of London Globe Charm. Alberto Culver's sales were approximately $1.6 billion for the 12-month period ending June 30, 2010 and EBITDA was over $250 million.