He says holding RWE might give existing investors preferential rights with respect to new water shares--a two-for-one bonus.

FORBES

This involves looking at all of the contracts related to joint operating agreements, areas of mutual interest, preferential rights to purchase assets, cash calls, tax partnerships, gas balancing agreements, and more.

FORBES: Chesapeake's JVs Make for One Elaborate Poison Pill

These transactions were made possible by President Bush's 12 December 1990 decision to waive the Jackson-Vanik amendment which statutorily linked preferential trade status to respect for human rights.

CENTERFORSECURITYPOLICY: Center For Security Policy