Asciano says it has secured a court order to cancel the scheme meeting in respect to a takeover bid by Canadian infrastructure giant Brookfield.
Asciano says the NSW Supreme Court ordered the scheme meeting no longer be held and that proceedings concerning the scheme be dismissed.
The order puts Qube in the box seat in the long-running battle to take over Australia's largest rail and ports operator.
Asciano this week said it was formally recommending Qube's $9.01 billion offer to shareholders after Brookfield failed to submit a better offer.
Brookfield has told Asciano's board it is working on an all cash offer of $9.28 per Asciano share, valuing the target at around $9.2 billion.
The Canadian company indicated an improved offer some time before March 26.
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