Aug 3 (Reuters) - Stingray Digital Group Inc RAYa.TO :
* MAKES BID FOR MUSIC CHOICE
* CONFIRMS A PURCHASE PRICE OF US$120M AND VENDOR-FRIENDLY TERMS AND CONDITIONS
* STINGRAY DIGITAL GROUP - MADE UNSOLICITED OFFER TO PURCHASE ALL OF ISSUED AND OUTSTANDING UNITS OF MUSIC CHOICE
* STINGRAY DIGITAL - OFFER REMAINS OPEN FOR ACCEPTANCE UNTIL AUGUST 31; OFFER NOT YET ACCEPTED, CURRENTLY UNDER REVIEW BY UNITHOLDERS