Novolex could be valued at about US$6 billion should Carlyle choose to sell the company or opt for an initial public offering, although no final decision has been made and the firm could elect to keep the business, Bloomberg reported. Novolex operates dozens of plants globally with brands including Hilex Poly, Duro Bag and Burrows Packaging, according to the company's website. Carlyle and Novolex did not immediately respond to a request for comment. -Nampa/Reuters Kansas to accept Pacific's bid Kansas City Southern said on Sunday it planned to accept Canadian Pacific Railway Ltd's US$27.2 billion cash-and-stock acquisition offer as superior to its US$29.6 billion deal to sell itself to Canadian National Railway Ltd. Canadian National now has until the end of Friday to submit a better offer or lose its deal with Kansas City Southern.