definiens: means the announcement of any agreement or the consummation of any transaction of the following events : ( a ) any Third Party ( or group of Third Parties acting in concert ) becomes the beneficial owner, directly or indirectly, of more than fifty percent ( 50 % ) of the total voting power of the stock then outstanding ofNexMed nonnally entitled to vote in elections of directors ; ( b ) [COMPANY] consolidates with or merges into another corporation or entity, or any corporation or entity consolidates with or merges into [COMPANY], in either event pursuant to a transaction in which more than fifty percent ( 50 % ) of the total voting power of the stock outstanding of the surviving entity nonnally entitled to vote in elections of directors is not held by the parties holding at least fifty percent ( 50 % ) of the outstanding shares of [COMPANY] preceding such consolidation or merger ; ( c ) [COMPANY] conveys, transfers or leases all or substantially all of its assets, or ( d ) any other arrangement whereby a third party controls or has the right to control the board of directors or equivalent governing body that has the ability to cause the direction of the management or policies of [COMPANY]