Sentence Correction

The thirteen original British colonies in North America, some formed as commercial ventures, others as religious havens, each had a written charter that set forth its form of government and the rights of the colonists.
A. some formed as commercial ventures, others as religious havens, each had a written charter
B. some being formed as a commercial venture, others as religious havens, all of which had written charters
C. some that formed as commercial ventures, others as religious havens, all had written charters
D. with some being formed as a commercial venture, others as religious havens, all had a written charter
E. with some formed as commercial ventures, while others as religious havens, each had a written charter


Apart from other reasons that make E wrong, Is E wrong because of the following:

'with' implies something is together with something else or contains something else but can't refer to itself.
Here some[colonies] is a subset of the 13 colonies.

Eg:
The Russian company has several oil fields in the world, with most of them in central Asia.

'with clause' in the above Russian example doesn't introduce new idea, just as choice E of original question doesn't; instead it refers to its own fields-> usage of 'with' is not justified.

However, will the following constructions, based on the use of 'with' be justified on GMAT ?

The Russian company is expanding it units into the new territory, with the company forming new alliances and leveraging buyouts.


The Russian company is expanding it units into Australia, with the Australian division of the company forming new alliances and leveraging buyouts.