The battle for ABN Amro is heating up. Increasingly, it does not appear that management's agreed-to deal with Barclays is going to go through. There are some complicating issues at play. For one thing, shareholders are not pleased at all with the ABN Amro board. One shareholder advocate was escorted off stage after he tried to grab a microphone at a meeting. Other shareholders so excoriated management that CEO Rijkman Groenink shed tears. Meanwhile, the Royal Bank of Scotland-led consortium has decided to go hostile with their competing bid, which seems to carry a higher valuation. On top of all that, a Dutch court will rule soon on whether ABN Amro's side deal to sell LaSalle to Bank of America for about $21 billion can go through. ABN Amro shareholders oppose that deal and see it as an impediment to a better deal. Stay tuned.

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- here's an update