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Wichita, Kan.--Fox & Hound Restaurant Group said Tuesday that its board of directors had determined the recent buyout offer of $14.50 per share from an affiliate of Newcastle Partners LP and Steel Partners II LP is "a superior offer" to the $14.00 per share offer made previously by Levine Leichtman Capital Partners.(Brief Article)

Nation's Restaurant News Daily NewsFax

| December 21, 2005 | COPYRIGHT 2003 Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission. (Hide copyright information)Copyright

WICHITA, Kan. -- FOX & HOUND RESTAURANT GROUP said Tuesday that its board of directors had determined the recent buyout offer of $14.50 per share from an affiliate of NEWCASTLE PARTNERS LP and STEEL PARTNERS II LP is "a superior offer" to the $14.00 per share offer made previously by LEVINE LEICHTMAN CAPITAL PARTNERS. Fox & Hound, which operates 82 restaurants under the Fox & Hound and Bailey's brands, in October had signed a letter of intent with Levine Leichtman, before Newcastle and Steel Partners earlier this month offered a per-share buyout price of $14.75. The two firms on Monday reduced that offer to $14.50 per share, which would total about $145 million, citing …

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