Given that
$$ t^{+}=t^{-}+\Delta t\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,(1)$$ $$ c=\frac{L}{2}\Biggl(\frac{1}{t^{+}}+\frac{1}{t^{-}}\Biggl)\,\,\,\,\,\,\,\,(2) $$ how eqns (1) and (2) can be reworked to $$ c=\frac{L}{t^{-}}\Biggl[\frac{1+\Delta t/t^{-}}{1+2\Delta t/t^{-}}\Biggl] \,\,\,\,\,\,\,\,(3) $$
and why (3) can be reduced to
$$ c=\frac{L}{t^{-}}[1-\Delta t/t^{-}] \,\,\,\,\,\,\,\,\,\,\,\,\,\,(4) $$
I think there's a misplaced factor of two in your post, it should be
$$ c = \frac{L}{t^-} \left[ \frac{1 + \Delta t / 2t^-}{1 + \Delta t / t^-}\right] $$
Now assume that $\Delta t / t^- \ll 1$, you can use the binomial approximation , keeping up to first order terms you get
\begin{eqnarray} c &=& \frac{L}{t^-} \left(1 + \frac{\Delta t}{2t^-}\right) \color{blue}{\left(1 + \frac{\Delta t}{t^-}\right)^{-1}} \\ &\approx & \frac{L}{t^-} \left(1 + \frac{\Delta t}{2t^-}\right) \color{blue}{\left(1 - \frac{\Delta t}{t^-}\right)} \\ &=& \frac{L}{t^-}\left[1 - \frac{\Delta t}{t^-} + \frac{\Delta t}{2t^-} - \frac{1}{2}\left(\frac{\Delta t}{t^-}\right)^2 \right] \\ &\approx& \frac{L}{t^-}\left[1 - \frac{\Delta t}{2t^-} \right] \end{eqnarray}