In 2007, Prince El Hassan of Jordan, who has called for implementing the plan with an Apollo-like program, presented the plan during a European Union parliamentary session.
The chemical company argues that Apollo persuaded Huntsman to drop out of a June 2007 takeover deal with the Holland-based Basell by falsely indicating it would buy Huntsman at a better price, when in fact Apollo was acting out a broader plan to mar the transaction process so badly that it would compel Huntsman to come to Hexicon at a lower price.