Dell Inc. stocks dropped to the lowest level on Wednesday since July 5. The event came as the deadline for the shareholder vote on $US 24.4 billion offer looms larger.

The stock fell US $12.88 even as the board of directors is considering to postpone the vote despite lingering reports that shareholders will not accept the US $13.65 per share offer.

Both founder Michael Dell and private equity firm Silver Lake have been trying to convince shareholders about  accepting the offer.

Meanwhile, billionaire Carl Icahn wrote to shareholders to pressure the board of directors to go ahead with the voting. Icahn owns 8.7% of Dell. He also offered to purchase the stocks at US $14 per share along with a Dell warrant that will drive the prices of stocks to US $ 20 in the next seven years.

He accused Dell's founder of trying to manipulate the system into finally wresting the company  away from the shareholders. Michael Dell founded the multi-billion company using only the seed money of US $ 1,000.