(Bloomberg) -- Some of the world’s lowest equity valuations are raising the prospect of a spree of takeover deals among the UK’s small and mid-cap companies.Most Read from BloombergBiden, Xi Declare Progress After Concluding Four-Hour SummitHamas Chief Who Deceived Israel Is Target No. 1 Deep UndergroundIsrael Latest: Biden Defends Hospital Raid, Says Hamas UnbowedXi Says China Seeks to Be Friends With US, Won’t Fight ‘Hot War’M&A activity burst into life in the City of London on Thursday with t