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WICHITA, Kan. -- Two private-equity firms, NEWCASTLE PARTNERS LP and STEEL PARTNERS II LP, announced a takeover bid for FOX & HOUND RESTAURANT GROUP, based here, the operator of 82 restaurants under the Fox and Hound and Bailey's brand names. Dallas-based Newcastle and Beverly Hills, Calif.-based Steel formed F&H ACQUISITION CORP. and said it would commence a cash tender offer no later than Dec. 23 to purchase all outstanding shares of Fox & Hound common stock not yet owned by the two firms for $14.75 per share, a price above a previous offer for $14 per share. Private-equity firm LEVINE LEICHTMAN CAPITAL PARTNERS floated that …