11.   Returns have typically tallied several multiples higher than in the public markets.

12.   That allows its shares to trade at a higher multiple to cash flow, giving it a strong currency for acquisitions.

13.   Tax advantages held by REITs would allow them to pay higher multiples for casinos than other companies, analysts said.

14.   That price probably includes a few points for the possibility of a takeover, but other Southwestern banks that seem more eager to be acquired trade at higher multiples.

15.   That allows their shares to trade at a higher multiple to cash flow, giving them a strong currency for acquisitions.

16.   The four new companies are growth companies, which trade at significantly higher multiples to their earnings per share than the stocks they are replacing.

17.   The higher multiple is closer to those that banks have paid for brokers recently.

18.   The shares of Starwood and similar REITS trade at a higher multiple over cash flow than traditional hotel companies, giving Sternlicht a strong currency.

19.   The split could also result in a higher stock price because companies with well-known brands typically trade at a higher multiple than those that have diverse operations.

20.   The shares of Starwood and similar REITs trade at a higher multiple over cash flow than traditional hotel companies, giving Sternlicht a strong currency for acquisitions.