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Exclusive: EMC to shop itself after deal with Dell - sources

The logo of a Dell laptop computer is pictured in Pasadena, California July 17, 2013.

EMC Corp, the data storage company that is preparing to unveil an agreement to be acquired by personal computer maker Dell Inc [DI.UL] as early as Monday, is also planning to seek out other suitors, according to people familiar with the matter.

EMC has asked for a 'go-shop' provision to be included in the merger agreement that will allow it to solicit bids from other parties and pay a discounted breakup fee to Dell if there is a deal with another company, the people said.

Such a clause, though not unusual in merger agreements, shows how EMC Chief Executive Joseph Tucci is preparing to exhaust all arguments to convince the company's shareholders that a deal with Dell is the best possible outcome for them.

While IBM Corp, Cisco...


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