Bloomberg US buyout firm Advent International Corp agreed to acquire UK defense and aerospace company Cobham Plc for about 4 billion pounds ($5 billion), as cash-flush private-equity firms seek targets in Britain. Cobham shareholders will receive 165 pence a share in cash, a 34 percent premium to the closing price, the companies said. The stock traded 35 percent higher at …

Bloomberg Chipotle Mexican Grill Inc jumped after second-quarter earnings showed the burrito chain’s investment in digital ordering, delivery and advertising is paying off. Same-store sales, a key gauge of success for restaurants, rose 10 percent, compared with the 8.4 percent projected by analysts surveyed by Consensus Metrix. That’s the 10th straight quarter in positive territory and shows the company is …

Bloomberg Starwood Capital Group and Apollo Global Management have submitted offers to buy an aircraft-financing business owned by General Electric Co, which could fetch around $4 billion, according to people familiar with the matter. GE is working with advisers as it explores a possible sale of PK AirFinance, a subsidiary of the conglomerate’s broader aircraft-leasing business known as GECAS, said …