May 18 (Reuters) - Icollege Ltd ICT.AX :
* Announces improved terms to acquire Lara Group Plc
* Revised terms sheet supersedes and replaces term sheet and earn out agreement entered on 2 May 2017
* Aggregate consideration for purchase of Lara shares has been revised from 5 down to 3.5 times audited EBITDA2 of Lara group for FY2016 ending 31 Dec 2016 Source text for Eikon: Further company coverage: ICT.AX