For anyone for whom the above solutions didn't work, passing "reboot=pci" as 
described in this page solved the problem for me 
http://serverfault.com/questions/126571/system-hangs-while-rebooting-on-debian
this appears to be related to acpi issues in the bios; the solutions above did 
not work for me.
(Disclaimer: this was on linux-mint (no, not the debian version), not ubuntu. 
However the bug was identical).

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https://bugs.launchpad.net/bugs/869635

Title:
  long delay at shutdown/reboot - network-manager doesn't close
  correctly

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